Costs

Ranges are illustrative for planning discussions; actual fees vary by market, complexity, and professional.

One-time drafting

Service Typical range (U.S. metro) Notes
Simple will $500 – $2,500 No trust
Revocable living trust package $2,000 – $6,000+ Will, trust, powers of attorney, deed transfer guidance
Married estate plan with bypass/QTIP $4,000 – $12,000+ A-B, Clayton, ILIT, or GST planning add cost
ILIT / dynasty / SLAT $3,000 – $10,000+ per trust Often separate from basic RLT
Amendment / restatement $500 – $3,000 After law or family changes

Ongoing administration

Role Typical cost Notes
Trustee (professional) 0.5% – 1.5% of assets annually Banks and trust companies; minimum fees
Trustee (family) None or informal Legal risk if duties mishandled
Tax prep — Form 1041 $500 – $3,000+ per return Depends on investments and K-1 count
Tax prep — Form 706 $3,000 – $25,000+ Highly variable with estate size
Probate court Statutory % of estate or flat fees Avoided for properly funded RLT assets
Asset retitling / deed recording $50 – $500 per property County recording fees

Post-death settlement

Item Notes
Executor / trustee fees State law or trust instrument; taxable income to fiduciary
Appraisals Real estate, business, art for 706 or basis
Accountings Beneficiary reports; legal review
Life insurance in ILIT Premiums plus Crummey notice administration

Hidden costs

  • Investment drag in multiple sub-trusts after first death.
  • Bonding for fiduciaries where required.
  • Litigation among beneficiaries.
  • Penalties for missed 706, 1041, or 10-year IRA payouts.

Cost-benefit framing

Compare present planning cost to: probate fees, family delay, state estate tax, federal estate tax over exclusion, income tax on undistributed trust income, and beneficiary disputes. For many households below exclusion thresholds, a will plus beneficiary designations may suffice; trusts add value for probate avoidance, control, and tax at higher net worth.