$250/hour or a $1,500 flat fee for handling a routine probate case.
Attorney’s fees are generally the bulk of the cost associated with creating a trust. The cost for an attorney to draft a living trust can range from $1,000 to $1,500 for individuals and $1,200 to $2,500 for married couples. When planning your estate, what costs more, a will or a trust? Since an attorney can prepare an average will for $400 to $500 and set up an average trust for about $2,000 to $2,500, your decision is made, right? Attorney packages usually include at least one meeting with the lawyer. The attorney then draws up your will according to your specifications. If you’re requesting only a will, the minimum cost can run from $150 to $600, for an average cost of about $375. If any complications or problems arise, the attorney might bill you for more time at his hourly rate. The attorney charges a few hundred dollars for this service. (The average fee to review and help settle an estate with a trust is about $500.). Now the total cost of your estate plan is $2,500. Compare this to using a will for your estate plan, which would cost $10,400. If your attorney draws up a will for you, it may cost $400. However, upon your death, your estate goes through the probate process. The fees for settling your estate could easily reach $10,000 (the average cost of probate). Kinds of Fee Arrangements. Lawyers usually use one of three methods to charge for probate work: by the hour, a flat fee, or a percentage of the value of the estate assets. Your lawyer may let you pick how you pay—for example, $250/hour or a $1,500 flat fee for handling a routine probate case. Good morning Danakhaley, As a Mortgage Banker I frequently discuss total closing costs with my prospective clients. Average Attorney fees for a qualified and experienced REAL ESTATE Attorney range from $1000-1800 with $1500 being the most common fee. I can tell you as an Attorney, I charge no more than $1000.00 for a Co-Op Purchase or Sale. Some will even charge as little as $750.00. No Attny should charge by the hr for a Basic Residential Real Estate Closing.
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average cost for a estate attorney