Will
Packages - state plans include analysis
of ownership of assets and beneficiary designations
as well as application of tax law. Included in the
package price are a will(s) and, where requested,
powers of attorney, health care appointments, and
living wills.
Single
will where plan of distribution is
outright to adult beneficiaries.
$400
Second
will for spouse- when all
provisions are identical.
$150
Single
will including trust for minor, disabled
or incompetent beneficiaries.
$600
Second
will for spouse- when all
provisions are identical.
$150
Trust
Packages - Included in the package price
are either a will with testamentary trust provisions
or a revocable living trust agreement with pourover
will; plus, where appropriate, letters of instruction
for banks, brokers, insurance agent; and, where
requested, powers of attorney, health care
appointments, and living wills.
Single
trust package- when post-death
trust for children or others IS NOT
necessary.
$1,200
Second
trust for spouse when all
provisions are identical.
$150
Single
trust package for unmarried
person when post-death trust for children or others IS
necessary.
$1,500
Second
trust for spouse when all provisions
are identical.
$150
Marital
trust package with
federal estate tax planning for couples whose estates
exceed or
will exceed the "applicable exclusion
amount" [see "*"below
where we set forth the ever-increasing "applicable exclusion amount" available
to each person through proper planning], when
post-death trust for children or others IS NOT
necessary.
$2,000
Marital
trust packagewith
federal estate tax planning for couples whose estates
exceed or
will exceed the "applicable exclusion
amount" [see "*" below
where we set forth the ever-increasing "applicable exclusion amount" available
to each person through proper planning], when some
assets ARE to be transferred to trust for other
beneficiaries at first death, OR when
post-death trust for children or others IS necessary.
$2,300
Marital
trust package with
federal estate planning for couples whose estates
exceed or will
exceed the "applicable exclusion amount" [see "*" below
where we set forth the ever-increasing "applicable
exclusion amount" available
to each person through proper planning], when more
than one
testamentary trust IS necessary, OR when
generation-skipping provisions or other special
planning needs exist.
$3,000
Substantial
business planning, disability
planning, preparation of assignments to transfer
property into trust, deeds, assignments of land
contracts, and other real estate documents will be
undertaken and charged separately, depending upon the
degree of title work or other issues which apply.
Hourly
Irrevocable
Life Insurance Trusts - When the
estate of an individual (including death benefits of
life insurance) exceeds or will exceed $1,000,000 (for
a married couple, $2,000,000), it is wise to remove
life insurance from your ownership. If outright
gifting of insurance policies to beneficiaries is not
practical, placing life insurance policies (or other
assets) in an irrevocable trust may be extremely
advantageous.
$2,500
* The "applicable exclusion
amount" is $1.5 million for 2004 & 2005, $2 million
for 2006 - 2008 and $3.5 million for 2009 (NB: the
federal estate tax is then repealed in full only for
2010, after which the exclusion reverts to $1 million
for 2011 and beyond, unless modified by the Congress -
a highly likely scenario)!
Advance
Directives - These documents
authorize others to act on your behalf. They are
included with Will or Trust Packages or are available
separately.
Health
Care Representative Appointment -
This document authorizes another to give informed
consent to medical treatment, including life support
decisions and nursing home admissions, if an
individual is unable to provide self-consent.
$150
Additional Health Care
Representative Appointment for spouse
$50
Living Will
Declaration or Life
Prolonging Procedures Declaration -
These documents address issues involving (i) life
support systems and (ii) artificially-supplied
nutrition and hydration, once an individual has been
physician-certified to have an incurable injury,
disease or illness.
$150
Additional Declaration
for spouse
$50
Durable Power of
Attorney - This document authorizes
another to act on an individual's behalf with respect
to most financial matters.
