As you can imagine, we get the question “How much does an estate plan cost?” quite frequently.
This is a good question that I want to answer for you as clearly as I can, given that there is not a “one-size-fits-all solution” for every family.
If a lawyer can tell you exactly what your plan would cost via email or over the phone without a comprehensive discovery process, I would run quickly away from that lawyer.
Because, you see, this is exactly why most estate plans fail.
Families shop around based on price (because they don’t know any other way to shop for an estate plan) and they end up with a traditional plan, which is a set of documents that do not actually work when the family needs them.
If you would like to read more about this, please read my article here on “how shopping around for an estate plan could leave your family with an unexpected, expensive, unintended mess.”
Thanks for your interest. We know you have a lot of options when it comes to legal planning. Adams Law Office, LLC has been the trusted partner of the Bowie area residents. We look forward to meeting with you. Schedule today!
We have designed and priced our estate planning options for you and your family at the intersection of affordability and effectiveness.
We start the planning process with your personal Legacy Planning Session, which is designed to get you more financially organized than you have ever been before.
Even if you never do any planning with us, the preparation for your Legacy Planning Session alone is a hugely valuable process for you and your family because you will create a full inventory of your assets and ensure your family knows exactly what you have and where it is located.
Then when we meet in person we will review everything you own and discuss everyone you love, and you will understand exactly what would happen to everything you own and everyone you love in the event of your death or incapacity.
If you do not have a plan, we will cover the plan the state has for you.
If you do have an existing plan, we will review your current plan with you. (We call this an Estate Plan Checkup and Review).
If you are not happy with the plan the state has for you, or your existing plan, you will tell us what you would want to change and we will look at the most effective, efficient, and affordable way to achieve your goals. Plus, we will help ensure that no matter what happens, none of your hard-earned assets will be lost to the Comptroller’s Unclaimed Property Unit when something happens to you.
Here is the most important part for you to know about this: you will be making informed, educated, empowered decisions for the people you love, not just shopping around based on price.
And the best part is that as part of this process you will actually choose your own fee based on your budget and the planning options that are most important to you and your family.
There truly is “no one size fits all” choice. You are making a personal decision that serves you and your family.
Okay, now having said all that, you probably want to at least know a range of what estate planning will cost.
Depending on what you need, our fees range from around $2,000 for those not worried about keeping family out of probate court, up to $10,000 for an extensive plan that provides significant asset protection during life if you need to enter a nursing home and receive long-term care without using up all of your hard earned assets, as well as after death for your beneficiaries, and maximum protection for your assets from inadvertent loss to the Comptroller’s Unclaimed Property Unit or the probate court process.
When we meet for your Legacy Family Planning Session, we will review our three planning levels with you, and you will choose your own fee based on your budget and the planning options that are most important to you and your family.
With all of that background in mind: Your Legacy Planning Session is a value of $750, or if you have an existing estate plan that you want us to review as part of this process, then your Estate Plan Checkup and Review is a value of $950.
The great part is if you would like to do preparation ahead of time to make your appointment as valuable a use of your time as possible, then you can schedule online below, follow the instructions as to how to prepare for your appointment, secure your appointment time with a credit card (nothing is charged on your card so long as you keep your appointment and complete the preparation in advance), and then your appointment fee is waived.
The awesome thing about the preparation is that you will be more organized than you have ever been before because you will create a full inventory of your assets and ensure your family knows exactly what you have and where it is located.
We offer a complete zeroing out of the planning session fee in that case because your commitment to the preparation before the meeting saves us time, which saves you money.
If after reading this you are ready to make informed, empowered, educated decisions for the people you love (instead of just shopping around for the cheapest plan, which is unlikely to work when your family needs it), schedule your Legacy Planning Session today.
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Adams Law Office, LLC
4201 Northview Drive
Bowie, MD 20716
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