I am a fan of sushi and an even bigger fan of all you can eat sushi. I plan the cost of eating each roll individually versus the fixed price for all you can eat. I get excited when I get a deal on my purchase. When hungry, it almost always makes sense to go the all you can eat route versus a la carte, because after about two or sometimes three rolls, the all you can eat option pays for itself. It is especially satisfying to walk away knowing I stretched my money to buy more for less.
Oddly enough, the same theory for stretching dollars to get the best deal possible applies when developing an estate plan.
Sure, you could go to an estate planning attorney and engage him/her to draft individual documents over time, as situations arise. Depending on the attorney, the rate charged for an a la carte service may be a set fee per document or even more likely charged at an hourly rate. You will most certainly pay more in the long run.
It makes more financial sense to have necessary documents drafted simultaneously at a flat fee package rate rather than piecemealing your estate plan together over time. Drafting documents as a package is more efficient for your attorney from a drafting standpoint and more cost-effective for you as the client. Plus, there is something to be said for having everything in order, sooner rather than later. The future is uncertain. Waiting any length of time to have a complete estate plan risks an unexpected circumstance will happen.
There is nothing wrong with identifying a need for only one or two documents. At Stone Law Offices, Ltd., we certainly meet clients where they are.
It has been my experience, though, that clients wanting an a la carte service are unaware of the value that having a fully developed estate plan provides or they have not truly thought through the total cost of doing the work piece by piece.
Stone Law Offices, Ltd. regularly hosts free educational seminars in the community. Make an appointment today to attend our next free seminar and find out what documents you may need and how much you can save with our flat fee package deals: 702-998-0444. We are open Monday through Friday, 8am-5pm.
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