Sowerby & Moustakis Law > Private: About > Uncategorized > To Flat Fee, or Not to Flat Fee? It depends…

To Flat Fee, or Not to Flat Fee? It depends…

One of the first things we get asked by clients is “what is this going to cost me?” Unfortunately, the best answer is “it depends”. I mean, how do you answer the questions “what is a new house going to cost me” or “how much to fix up my car”? Well, it depends on how much work will be involved and what type of material you use.

We understand that clients like the predictability of flat fee arrangements, and we try to have flat fees whenever we can. Some of the cases we typically handle and charge a flat fee are as follows:

  • Estate Planning
  • Transferring of real estate into a Trust
  • Business formation
  • Some business contracts

We can even do a hybrid of the flat fee work, where we charge a flat fee, but if the client requires additional work beyond what was discussed, then we can continue the work by charging the standard hourly rate. But before we can ever provide the client with a flat fee figure, we need to gather some details, so we know the scope of what we are working with. For example, are we building a two-bedroom ranch, or a ten-bedroom colonial with high end finishes? And we often do not charge for the initial estate planning meeting.

There are some cases however that are so unpredictable that we cannot provide a flat fee quote. In those circumstances we charge our standard hourly rates.

So feel free to give us a call and schedule an appointment so we can see how we can help.

About the Author

Peter Moustakis
Peter Moustakis is the Managing Member of Sowerby & Moustakis, PLLC with locations in Massachusetts and New Hampshire. Peter has received an award related to estate planning, contributed to 2 family law publications and authored the book “Estate Planning and the Modern Family: Old School Meets New School. He is a former President, Vice-President, Secretary Treasurer and Education Coordinator of Business Networking International Commerce Connection in Wayland, MA. He is also the former vice chair of the animal law committee at the Massachusetts Bar Association and served on the New Hampshire Bar Association Ethics Committee. Peter believes that community service is important and has served on the Amherst town Ways and Means Committee for 4 years and was chair of the committee for 2 years.