Is estate planning expensive?

Estate planning is not necessarily expensive. It all depends on the complexity of the estate. Generally, the more complicated the estate, the higher the cost. Estate planning can be a complicated process, which requires the expertise of an estate planning attorney. The attorney will advise you on how to set up the estate plan, including drafting the legal documents necessary to carry out your wishes. In Kansas, estate planning attorneys typically charge an hourly rate, which can range from $125 to $400, depending on the complexity of the estate. If you need additional services such as trust formation or tax planning, the cost will likely increase. Additionally, you may have to pay other fees, such as filing fees and costs associated with setting up a revocable living trust. Regardless of the cost of estate planning, it is important to secure the legal documents that will ensure your wishes are carried out when you are gone. An estate plan can save time and money for your heirs in the long run. Planning now will provide you and your family with peace of mind knowing that your estate plan is in place for the future.

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