How much is that Will Really Going to Cost You?

Posted on February 2, 2016 by Freiwald Law

What is the real cost of a will?

In most transactions, the consumer expects to know how much they have to pay before they make a purchase. Why should estate planning be any different?

Many law firms advertise their services as “affordable” or “low-cost” but they never publish their prices. If you call one of these firms and ask how much a Will is going to cost, you may get an estimate, but usually you’ll have to go in to the firm and meet with an attorney who will tell you an hourly rate. Depending on complexity and the attorney’s experience, that Will could take several hours to draft. You’ll also have to go back to the office to execute (process of signing the document in front of witnesses and having it notarized) the document, which is usually factored into the billable hours. This means clients are walking out of meetings with no idea how much the service they just purchased is actually going to cost them.

According to the United States Consumer Law Attorney Fee Survey Report from 2013 – 2014, most attorneys in Pennsylvania charge between $325 and $349. In Philadelphia, rates are slightly higher. Imagine you hire an attorney to draft your will for $325 an hour, even if it’s a relatively straightforward will, it could take three or more hours to properly draft. You’ll also be billed for the execution of the document. That simple will could easily end up costing you $1,000 or more…but you wouldn’t know until you get the bill in the mail.

How are we different?

At Community Legal Advisors we provide affordable, quality, estate and healthcare planning. A simple Will costs $150 and that’s the bottom line. If your situation requires a more sophisticated estate plan, we’ll tell you so up front. No complex fee structures or additional hidden fees. We strive for transparency and all of our prices are posted online. Our clients know exactly how much they are going to pay for our services before they even walk in the door and that’s the way it should be.

To learn more about Community Legal Advisors and for a full list of services and prices check out http://www.communitylegaladvisors.com. If you, a family member, or friend could benefit from our services call me at 215 (875) – 8000 or send me an e-mail at mrb@freiwaldlaw.com to set up a free consultation.