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Estate Plan Cost

Morristown, New Jersey Law Firm Video Frequently Asked Questions

Estate Plan Cost

 

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Video Transcription

The cost of a will depends upon the type of the will that we are going to prepare for you, for a client. A lot of that depends on, is there a lot of estate tax planning that’s being put in there, the number of trusts that we may be drafting whether it would be doing a trust for the benefit of the spouse as well as a trust that may go on for awhile for your children. A lot of that may be based on the size of the estate.

Typically simple wills meaning where one spouse is leaving all the property to the surviving spouse and then maybe in a simple trust on a second to death for children is not that expensive. But what may be expensive is if you failed to draft a properly draft a will which contains ambiguities, may lead to more coarsely problems down the road, which may involve going to court, litigation, to correct those mistakes. so therefore, the cost of a will many times is very much worth it, to make sure that what that person wants to accomplish in that will is fact accomplished and does not create a situation or problem which would require intervention by the court down the road which could be much more costly.

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Verdicts and Settlements

$4,500,000

Recovery for a six year old girl who suffered serious neurologic injury, as well as the loss of her parents and siblings, when the family's car was crushed by a garbage truck which had jumped a median strip partly as a result of a faulty braking system.

$3,000,000

Settlement obtained for a sixty-seven year old man who fell down a flight of stairs as a result of an inadequate handrail, suffering quadriplegia.

$850,000

Award obtained for a Sussex County man who suffered cervical injuries requiring two surgeries as a result of two separate car accidents.

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The Law Offices of Smith & Doran, P.C.

60 Washington Street, Suite 302

Morristown, New Jersey 07960

Phone: 973-261-6254

Fax: 973-292-9168

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