Like every law firm, the fees and costs associated with engaging Erickson & Wessman will depend upon the complexity of your situation, taking into account your family and financial situation as well as your estate planning objectives.
Understanding Our Value Proposition
Our firm is ideally suited for individuals and families who wish to receive best in class comprehensive estate planning and estate administrative services at a reasonable cost. Our firm fits in the middle of the service / cost continuum. On the one hand, our clients appreciate the cost savings inherent in our fee and cost structure in comparison to larger, multi-office law firms with higher hourly fees. On the other hand, our fees are usually higher than certain “law firms” or document production companies (including online document production companies) that produce one-size-fits-all document packages that do not address each client’s unique situation. For prospective clients who wish for nothing more than a stack of documents, and to be ushered through a process without specific regard to their individual assets or objectives, a one-size-fits-all law firm or document production company would better serve these prospective clients. Our approach, and our fee structure, is based upon the customized approach we take for each and every client.
Understanding the Scope of an Engagement With Our Firm
Before engaging our firm on your estate planning or administration matter, it is important to understand that Erickson & Wessman will only propose a plan that is appropriate for you or your family based upon your unique needs. This proposed estate plan may be the same as, or different from, a plan that is being proposed by another law firm. It is therefore not appropriate to merely look at price, but also to the type of plan being proposed. Just as with all other service providers, your hiring decision should include service and quality factors, not just price.
We believe in the value of meeting our client’s expectations, not only with regard to our general representation, but particularly with regard to our fees and costs. Because we take the time necessary to understand your situation, our fees may in fact be higher or lower than a price you may have heard quoted to your neighbor, friend or colleague. In fact, because the nature and extent of our engagement will be different for every prospective client, one should carefully understand the nature of our proposed engagement, together with the fee and cost estimate.