Cost involved in Estate Planning?

Writing your own Will might seem like a cheaper option now; however it can cause problems and end up far more costly for your estate down the track. 

What is Estate Planning?

For most estate planning matters, we can offer fixed pricing from start to finish.  We keep our fees as low as possible and offer discounted pricing packages to get more than one document prepared.  The cost involved will be based on your individual requirements and advised at our initial appointment with you.  If you are updating documents prepared by our office previously, the cost will be based on the time involved to make the required changes.  We can also keep your signed documents secure in Safe Custody at no cost until they are needed. 

At Cornerstone Law Offices, our experienced solicitors will schedule an initial appointment to obtain details of your

assets, family members and ask your wishes regarding gifts and the division of your estate.  After the initial appointment, our solicitors draft your documents and email your draft Will to you to review.  A final appointment will then be arranged to formally sign your Will and any other related estate planning documents, such as Advance Health Directive, Enduring Power of Attorney and Binding Death Nominations. 

Even if you feel that you do not have a large estate at this time, we strongly recommend that everyone over the age of eighteen has a valid Will and estate planning documents in place in case something unexpected was to occur.  A simple Will states how you want your assets to be divided and who you wish to act as the executor of your estate, and they will be responsible for administering your estate in accordance with your wishes.  If you do not have a Will, someone in your family may need to apply to the Court to be appointed as the administrator of your estate and generally, the costs involved in your estate being split in accordance with the intestacy provisions will be higher than if you have simple, valid Will in place.     

Often handwritten or DIY Wills do not comply with the formal requirements for a valid Will.  We have seen many documents prepared at home that have not been fully completed or properly executed.  This can result in the documents being invalid or unable to be registered at the time when they are needed.  Once someone loses capacity, it is too late for them to prepare new documents, resulting in difficulties in managing their affairs.  This can result in delays and increased costs in administering your affairs and/or your estate. 

Don’t hesitate to contact our office as soon as possible if you would like to make an appointment to discuss your estate planning documents.   We can arrange face to face, phone or Teams video appointments for your convenience.

Contact Us Estate Planning