Estate planning involves designating beneficiaries for all your assets as well as planning for a potential incapacitation or long-term care. When you make these plans well ahead of time, your loved ones have less to worry about and your assets will smoothly and easily transfer to those you choose. The cost of an estate plan depends on your level of assets and what documents you want your plan to include. Your estate plan could cost anywhere from $1,000 to $6,000 or more.