GITNUX MARKETDATA REPORT 2024

Statistics About The Average Cost For Will And Estate Planning

The average cost for will and estate planning services in the United States is approximately $1,000 to $3,000.

Last Updated: June 23, 2024

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In this post, we will explore the average costs associated with will and estate planning. From setting up basic wills to creating comprehensive estate plans, there is a wide range of expenses to consider. Whether you are looking into online services, hiring an attorney, or attending seminars, understanding the typical costs involved can help you make informed decisions about your estate planning needs.

Statistic 1

"The cost for a will and trust package through an attorney could be between $1,500 and $3,500."

Statistic 2

"On average, creating comprehensive estate plans can cost from $800 to $3,500."

Statistic 3

"Probate avoidance planning costs can range from $800 to $2,500."

Statistic 4

"Online will services range from $20 to $100 for basic templates."

Statistic 5

"The average cost of a simple will ranges from $150 to $300."

Statistic 6

"The average cost of a living trust is between $1,000 and $3,000 for an individual."

Statistic 7

"Flat fees for an estate plan, including a will, can start around $1,000."

Statistic 8

"A DIY will created with software may cost around $20 to $150."

Statistic 9

"Comprehensive online estate planning services can cost between $300 and $600."

Statistic 10

"The cost for updating a will can average between $200 and $300."

Statistic 11

"The cost of estate planning for high-net-worth individuals can exceed $10,000."

Statistic 12

"The average cost for setting up a trust fund for minor children is about $1,000."

Statistic 13

"Estate tax planning services generally range from $1,000 to $5,000."

Statistic 14

"Legal advice and assistance for probate can range from $2,000 to $10,000."

Statistic 15

"Preparing a power of attorney can cost around $200 to $500."

Statistic 16

"The average hourly rate for estate planning attorneys is $250 to $350."

Statistic 17

"Incorporating digital assets into an estate plan can add $200 to $400."

Statistic 18

"Some attorneys may charge a percentage of the estate for planning, usually around 1-2%."

Statistic 19

"A health care directive typically costs around $100 to $200."

Statistic 20

"Estate planning seminars offered by attorneys or financial planners may cost $300 to $500 to attend."

In conclusion, the average cost for will and estate planning services can vary widely based on the specific needs and preferences of individuals. From basic online templates for as low as $20 to comprehensive estate plans costing over $10,000 for high-net-worth individuals, there is a wide range of options available to fit different budgets. Attorneys may charge flat fees starting at $1,000 or hourly rates averaging $250 to $350. Additional services such as probate avoidance planning, trust fund setup, and estate tax planning can further contribute to the overall costs. It is important for individuals to carefully consider their estate planning needs and budget constraints when selecting the most suitable option for their circumstances.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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