[08rookie]

maybe the wrong forum to ask but im in the interesting predicament of researching estate planning. our family has a business and a couple properties. we just want things to be structured correctly. in my line of work, i have seen first hand what happens when people do not plan for the future and they are left broke and overwhelmed with reality.

i live in philadelphia. i opened the yellow book and found some attorneys in the downtown center city area who charge hourly in the 300-350 ballpark. im guessing thats denny krane status?! obviously i do not want to shop the service but i do not want to get rapped either..

do you think expensive lawyer translates into quality and experience?! im not talking about traffic citations...im talking about planning an estate, inheritance tax issues, wills, trust, passing business down from one generation to the next, reducing tax liability in the event of a death, protection of assets

maybe the forum is a little young to worry about estate planning, however, if anybody has retained legal services for planning a family estate, what are the possible final costs i am looking at...2500? 5k?

[CollinsE90]

In West Philadelphia born and raised, on the playground is where i spent most of my days.








































Chillin' out maxin' relaxin' all cool and all shootin some b-ball outside of school

[infinitekidM2C]

Then CollinsE90, who is up to no good, starting messing round in my neighborhood/post

[O-cha]

Price doesn't always translate to quality. But that sounds about right, maybe even more.

But a lawyer is not necessarily what you need, you need the trust department of a bank that handles trusts and estate planning.

Your next generation is going to get owned in taxes no matter what you do now if you're just setting up a trust, but the generation after that has a good chance of saving.

[CollinsE90]

Originally Posted by O-cha

I got in one little fight and my mom got scared She said 'You're movin' with your auntie and uncle in Bel Air'
.

fixed that for you man

and sorry OP, just messing around

[08rookie]

Originally Posted by O-cha

Price doesn't always translate to quality. But that sounds about right, maybe even more.

But a lawyer is not necessarily what you need, you need the trust department of a bank that handles trusts and estate planning.

Your next generation is going to get owned in taxes no matter what you do now if you're just setting up a trust, but the generation after that has a good chance of saving.

ive spoken to my accountant, he leans toward estate lawyer. i spoke to a financial planner, he leaned towards estate lawyer. i have a feeling the estate department of a bank will offer my family whats in the best interest of the bank and not my family. i def need a lawyer involved at some capacity.