Reply to Is $5 - $7K to have a will drafted and trust established reasonable?

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[quote=Anonymous][quote=Anonymous]OP, see if your employer offers any sort of deal Some employers have deals with firms for these sort of services at a discount. I ended up purchasing an optional attorney coverage plan through my work. I had to sign up for the whole year as part of open enrollment, but it ended up being just a couple hundred bucks for the year, so well worth it. I got the service at no additional charge via the plan, which is why I signed up.

Also really shop around an do your homework. The initial consultation should be free. One attorney tried to rip us off by saying we would owe an additional $5-6K for his services, when in fact our plan covered 100%. We went with another attorney who correctly told us that the plan covered everything except a small fee to file it with DC and move our property under the will. It was about $150 IIRC. The first attorney also tried to get us to name him as the executor, which would have entitled him to 5% of our property's value every year. The second guy never tried that.[/quote]

We did this over 15 years ago and had a similar experience.. Just paid a nominal amount for registering the documents.  After seeing what other family members did and learning more about things, I now think our Trusts were very simplistic.  Plan on revising it to make it more comprehensive (Age threshold for withdrawal, incorporating other beneficiaries (nephews/nieces), etc.) plus assets have gone from about a mil. back then to about $6mil today.[/quote]

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