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Reply to "Cost of Estate Planning"
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[quote=Anonymous]I've been working on getting our estate planning done right now and have gotten a couple of quotes. A solo practitioner working out of their house quoted me 3K. A different solo practitioner working out of Bethesda office space quoted 2K. (Which surprised me - I just assumed the one working out of their house would be cheaper. But I did get the sense from talking with that attorney that they favored a more collaborative approach and would spend more time talking through options than the attorney charging 2K, so perhaps the more expensive attorney just knows they put more hours into each client.) I'm waiting to hear back from a small boutique firm with 4 or 5 attorneys working out of Rockville for their quote, though they have told me thus far that they wait until after an initial consultation in order to decide whether they'll charge by the hour or charge a flat fee. Given the price differences, I do think it's worthwhile to call around. When my in-laws updated their estate planning a year or two ago, different attorneys in the Bethesda firm they went to charged different amounts. (The in-laws didn't remember what they paid when I asked.) [/quote]
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