What Does it Cost to Prepare a Legal Will?

Wills are legal documents providing disposition of property after death.

A will provides for the disposition of private property after death. Basic elements constitute a legal will, such as the creator being over age 18 and his desire to use the will as a legal device. A variety of means exist to create a will, and costs vary depending on the route you choose.

Do It Yourself

This may be a viable choice if you have a simple estate. A handwritten, or holographic will, is the least expensive, but it is not recognized in every state. Will kits are available at many office supply stores or online. The cost of these vary but generally range from from $20 to $225.

Attorney-Prepared Basic Will

A basic will, prepared by an attorney, may cost $200 to $750. Because attorneys charge by the hour, being prepared can save money. Bring financial documents, and have bequests decided before your meeting.

Attorney-Prepared Complex Wills

If you have complicated investments or family relationships, it may be worth the cost to seek an estate attorney. Be prepared to pay $1,000 or more depending on the complexity of your situation.

References

• Free Dictionary: Will
• Bankrate: Do-It-Yourself Wills Online
• Galt: Preparing a Will-How Much Does a Will Cost

Resources

• Leave a Legacy: Preparing to Write Your Will
• NOLO: Make Your Will: A Quick Checklist