When families in Eastern Massachusetts, Central Massachusetts, or the Pioneer Valley start thinking about estate planning, one of the first questions they ask is, “How much will this cost?”
The short answer is: it depends. Costs vary depending on your goals, assets, and the complexity of your plan—but understanding what you’re paying for helps you make smart decisions.
Typical Costs Of Setting Up An Estate Plan
For residents of Boston, Brimfield, or Vermont, a basic estate plan (including a will, health care proxy, and power of attorney) generally ranges between $800 and $2,500, depending on the person’s situation and whether they are married or single.
If your family needs a revocable living trust or Medicaid planning trust, expect a broader range—$5,000 to $9,500—depending on the level of customization and legal work involved.
Comprehensive plans may also include real estate transfers, tax minimization strategies, or special-needs provisions, which add complexity and cost.
Why Estate Plan Set-Up Prices Vary
Families in Brookline, Dover, or Framingham may have very different planning needs from those in Southwick, Tolland, or rural Vermont. Factors include:
- Number and type of assets (real estate, investments, business ownership)
- Family dynamics (blended families, minor children, second marriages)
- Health care and long-term care planning goals
The Value of Professional Guidance
While online templates might seem inexpensive, mistakes can be far more costly later. A qualified estate planning attorney helps ensure your documents meet legal standards and protect your specific wishes.
The Bottom Line When It Comes To Estate Planning
Your estate plan is an investment in your family’s future. Proper planning now saves your loved ones confusion, legal fees, and unnecessary court involvement later.
Find out what type of plan fits your family and your budget. Book a no-pressure consultation at https://www.oconnelllawgroup.com/schedule-an-appointment/.