Factors That Affect the Cost of Creating an Estate Plan
Before we look at specific costs, it’s important to understand the factors that influence the price of drafting an estate plan:
- Complexity of your estate: If you have a large or complex estate with multiple assets, business interests, or out-of-state properties, your estate plan may require more extensive planning and drafting, which can increase costs.
- Your Desired Outcome: Some people may need add-on services, such as having us serve as a third-party trustee, depending on their unique circumstances and wishes. The method you choose to create your estate plan—using online templates or working with an experienced estate planning attorney—will also affect the overall cost.
- Attorney’s experience and reputation: Attorneys with more experience and a strong reputation in estate planning may charge higher fees, but they also provide valuable expertise and help ensure your plan is properly drafted and executed.
- Marital Status: We offer spousal planning packages that can have a higher fee than those for individuals who are planning alone. Your marital status can, therefore impact the total cost of your estate plan.
Cost of Creating an Estate Plan in North Carolina
Let’s look at some estimated costs for creating an estate plan in North Carolina in 2025:
1. Online DIY Estate Plans
Online platforms (such as LegalZoom or Rocket Lawyer) offer fill-in-the-blank estate plan templates starting at around $89. While these may seem like an affordable option, they come with significant risks:
- Templates may not account for North Carolina’s specific laws and requirements
- Lack of personalized guidance can lead to errors or omissions
- No attorney review to ensure your estate plan is properly executed
- Limited ability to customize your plan to your unique circumstances
For these reasons, DIY estate plans are generally not recommended for those with complex estates or specific needs.
2. Fixed Fee Estate Plans
Some attorneys in North Carolina offer fixed-fee pricing for simple estate plans, depending on the firm and what’s included.
At Cary Estate Planning, we use a fixed-fee model, so you know the cost upfront. This means no surprise fees, and you can customize your plan as much as you need without worrying about the clock running.
3. Hourly Rate Estate Plans
Many estate planning attorneys bill by the hour, with rates in North Carolina ranging from $250 to $500 per hour. For a simple estate plan, you can expect to spend several hours working with the attorney—including the initial consultation, drafting, review, and execution—easily bringing the total to $1,500 or more.
The problem with hourly fees is that costs can add up quickly, sometimes in ways you don’t expect. This can make people hesitant to ask questions or customize their plan, even when it would benefit them.
4. Estate Planning Packages
Some law firms offer estate planning packages that bundle essential documents, such as a financial power of attorney, healthcare directive, and living will, along with a trust or other relevant documents. Packages can vary widely in cost depending on the complexity of your estate and the documents included.
While estate planning packages may have a higher upfront cost, they provide comprehensive protection and can save you money in the long run by avoiding piecemeal legal fees. At Cary Estate Planning, our personalized packages are tailored to your unique needs and goals, providing peace of mind for you and your loved ones.
The Value of Working with an Experienced Estate Planning Attorney
When it comes to something as important as your estate plan, it’s crucial to work with an experienced attorney who understands North Carolina’s laws and can provide personalized guidance.
While online templates or low-cost DIY options may be tempting, they can’t match the expertise and peace of mind that come with working alongside a qualified professional.
An experienced estate planning attorney can help you:
- Navigate complex family dynamics: If you have a blended family, strained relationships, or concerns about a beneficiary’s ability to manage their inheritance, an attorney can help you create an estate plan that addresses these issues and minimizes the risk of disputes.
- Protect your assets: An attorney can help you explore strategies such as trusts to protect your assets from creditors, lawsuits, or nursing home costs.
- Minimize taxes: Proper estate planning can help reduce estate and inheritance taxes, leaving more of your assets to your beneficiaries.
- Ensure your plan is properly executed: An attorney will make sure your documents are signed, witnessed, and notarized in accordance with North Carolina law.
- Provide ongoing support: As your life circumstances change, an attorney can help you update your estate plan documents to ensure they continue to reflect your wishes.
At Cary Estate Planning, we recognize that cost is a concern for many clients. That’s why we offer personalized estate planning services at competitive rates, with transparent pricing and no hidden fees. We also offer a Discovery Call to discuss your needs and provide an upfront cost estimate before you commit to working with us.
Don’t Let Cost Prevent You from Protecting Your Legacy
Creating an estate plan is an investment in your future and your loved ones’ futures. While the cost of creating an estate plan in North Carolina may seem daunting, it’s a small price to pay for the peace of mind that comes with knowing your wishes will be carried out and your assets will be protected.
If you’re ready to take the first step, contact Cary Estate Planning today to schedule your Discovery Call. Our experienced attorneys are here to guide you through the process and help you create a plan that reflects your unique needs and goals.
Don’t let cost prevent you from protecting your legacy—invest in your future with a personalized estate plan from Cary Estate Planning.
