How much does estate planning cost for high income earners in Raleigh?

A comprehensive estate plan for a high-income family typically costs $2,500 to $5,000 for a revocable living trust package. Irrevocable trusts add $3,500 to $10,000 depending on complexity. These costs should be weighed against probate costs ($5,000 to $15,000 or more), potential estate taxes (40% on amounts above the exemption), and the income tax cost to beneficiaries under the SECURE Act's 10-year rule.

Is a will enough for a high income earner in North Carolina?

In most cases, no. A will goes through probate, creates a public record, and offers no protection during incapacity. For high-income professionals in Raleigh, a revocable living trust provides probate avoidance, privacy, incapacity planning, and distribution control that a will alone cannot match.

Do I need an estate plan if my estate is under the $15 million exemption?

Yes. Estate planning is not just about estate taxes. It covers probate avoidance, asset protection, SECURE Act planning for retirement accounts, incapacity planning, and making sure your family is protected regardless of family structure.