Revolutionize Your Future with This Estate Planning Secret

Financial Implications and Cost Considerations

While the cost of estate planning can vary, investing in professional advice often saves money in the long run. The average cost of drafting a will can range from $300 to $1,000, while setting up a trust might cost between $1,000 and $3,000¹. These costs are minor compared to the potential savings from tax reductions and the avoidance of probate fees, which can consume up to 5% of an estate's value².