Talking about how much an experienced wills and estates lawyer charges in Canada, it certainly depends on the situation where you live and how complex your financial circumstances are. Normally, it can vary from a few hundred to a thousand dollars for having a standard detailed will and other planning documentation.
So the question that most of you might have in mind could be,
“How much do the best lawyers for wills and estates charge?”
Usually, it is pretty much common for a reputable lawyer to charge a flat fee to draft a will or any other relevant piece of documentation. The lowest can be around $300, and the highest can be upto $1,000-$2,000. Rest, the whole process depends on whether you got a lawyer with a flat fee structure or an hourly billing arrangement.
Did you know?
A lawyer who does nothing but practice estate planning will most likely charge you more than a general physician and be more efficient and knowledgeable.
Know What to Do When You Have to Do More Than Create a Will
The answer to this will have affordable estate planning packages. Look around for a brilliant team of wills and estate lawyers in Canada specializing in maintaining your estate assets well in terms of documentation. For instance, it may include creating advance directives and finance attorneys. Similarly, lawyers may charge you around $1,200-$1,500 to create a living trust.
Last but not least, whenever you hire an attorney for the same, make sure to request a fee agreement in writing. Well, it is a good idea no matter where you are in Canada. Naturally, the agreement should define the total estimate of hours to be invested; the hourly or flat fee imposed; the lawyer who is assigned; how often you will be billed if there’s any due payment; and if there are any extra hidden costs you may have to pay in certain circumstances.
So, whether you go for the best lawyer offering a flat fee or an hourly fee structure, make sure that you hire someone that has continually developed their services and has years of industry experience and reputation.
What’s your go-to choice for picking a suitable wills and estates attorney in Canada? Let us know in the comments below; we’d love to hear from you.
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