The legal fees for the right elder law estate planning depends on the situation and the type of work to be done. Elder law attorney Dennis Toman explains why his law firm provides flat rate fees up front so that families understand the value of the work being done.
You know, one thing that we do get asked quite often is “how much is this going to cost to get the right plan in place?” And the answer to that is we always talk with families about fees upfront. But we need to know more about what we’re going to do before we can really say what the cost is going to be.
At our firm, The Elderlaw Firm, we base our charges on fixed fees, and so whenever we’re working with the family, they will know exactly how much the cost they’re going to be upfront. They won’t have to worry about paying extra for phone calls or extra for copies that are made. They will know exactly how much the fee is going to be.
Now, how much that is, you know, when we look at some of the types of planning that we do, the families may spend $5000, $6000 to protect over $200,000 worth of assets. They consider that to be a very good deal.
And so often times, the question is not so much how much will this cost, but is this valuable to me? Is it worth what I’m going to pay? That’s something that we really need to discuss and go over with every situation and why is it being a bit different.
When you come in, you can expect that one of the things that we’re going to do is to talk about fees upfront and you’ll know exactly what to expect going forward.