What Does It Cost to Settle an Estate?

Do you want your loved ones to receive assets quickly and clearly from your estate? If so, as most people do, you need estate planning to make that happen. Some advanced preparation with estate planning can go a long way towards accomplishing this goal.

Advanced planning on your part can make things easier for your loved ones by providing for a streamlined transition of your estate assets. When you work with an experienced and knowledgeable lawyer, you can make this process much easier for your family members because of the attention to detail taken to planning for this in advance.

The average estate could cost upwards of $8,500 in fees including accountants, probate, filing, lawyers, notaries and other professionals. This is a low estimate assuming that estate planning has been done, and that it is relatively simple to transfer the estate. If any party attempts to dispute the will, however, these costs can go up. The average estate settlement could take anywhere from 200 to 400 hours of work as well.

Doing some advanced planning by providing a clear inventory of all of your estate assets and working with a lawyer to outline everything you could accomplish on your own will make things that much easier for your family members. It is not challenging to approach this process when you have the dedicated support of an estate planning lawyer. You can discuss some of your concerns around the estate planning process with your attorney directly so that you have clarity over the best approach towards minimizing potential problems.



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