What does an estate plan cost in Michigan?
The honest answer is that it depends on what you own and how complicated your family is; but you should never have to guess, and you should never be billed by the hour for it.
Cost is the reason most people never sign anything. They call one office, get told "it depends," and put the whole thing off for another five years. So here is how estate planning is actually priced in Michigan, and what drives the number up or down.
What drives the price
- Will-based or trust-based. A will package is the simpler and cheaper route. A trust costs more because the document is longer and because the work includes deeds and retitling.
- Real estate. Each parcel needs a deed prepared and recorded; a cottage up north or a rental adds work, and out-of-state property more still.
- Family complexity. A blended family, a beneficiary with a disability, an estranged child, or a child you want to protect from a divorce all require drafting rather than assembly.
- Business interests. An LLC or shareholder agreement has to be reviewed and coordinated with the plan.
- Care or tax planning. Medicaid strategies and irrevocable trusts are a different level of work than a standard plan.
- How much is already organized. Arriving with a clear list of accounts and deeds genuinely shortens the job.
What a complete plan includes
Compare quotes on contents, not just price. A plan that is worth paying for normally contains:
- a will; or a revocable living trust with a pour-over will;
- a durable financial power of attorney;
- a patient advocate designation with your treatment wishes;
- a HIPAA authorization;
- deeds prepared and recorded for each property;
- beneficiary designation review, and help actually funding the trust;
- a signing appointment with proper witnessing and notarization;
- documents for both spouses, where there are two.
Ask what is not included
Flat fees, quoted in writing
Planning work is predictable enough to be priced in advance. Every engagement here is quoted as a flat fee in writing before any work begins, so you know the number before you commit and you are never charged for a phone call. Hourly billing for routine planning mostly discourages clients from asking questions; which is the opposite of what you want while making these decisions.
Separate out third-party costs, which are small but real: county register of deeds recording fees, and occasionally an appraisal or a corporate filing.
What doing nothing costs
Probate is the comparison that matters. Michigan estates pay court filing fees, an inventory fee calculated on the estate's value, publication costs, possibly a bond, and attorney fees for an administration that often runs seven months to a year. A contested estate costs multiples of that. So does a guardianship or conservatorship, which recurs annually for as long as the case is open. Planning is nearly always the cheaper side of that comparison; and it is paid once, by you, instead of repeatedly, by your family, at the worst moment of their lives.
What about online forms?
A template can produce a valid document. What it cannot do is notice that your beneficiary form still names your ex-spouse, that your cottage is titled jointly with a brother, or that leaving a share outright to a child on disability will end their benefits. Those are the failures we see, and they surface after the person who signed can no longer fix them.
Get a number before you decide
The initial consultation with Attorney Badri Yono Jr. of Foster Swift Collins & Smith, P.C. is free, and you leave it with a written flat-fee quote and a clear recommendation; including when a simple will is all you need. See the plan options for what each package covers.
This article is general information about Michigan law, not legal advice, and does not create an attorney-client relationship. Fees depend on the scope of work and are set out in a written engagement agreement.
Talk with Attorney Badri Yono Jr.
Tell us about your family and we'll connect you directly with Attorney Badri Yono Jr. of Foster Swift; with a flat fee quoted in writing before any work begins.