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Estate Planning

Decisions about who will inherit your estate, how to plan for potential estate tax, and who will carry out your wishes can be difficult and complicated. This is why it’s crucial to take an informed approach. We are an authority in all estate matters from planning to probate to elder law. You can count on us to guide you in every step of the process.

All of our estate plans are charged at a flat fee rate. Below are the most common estate plans we provide. However, every estate plan is customized to fit your specific needs and goals.

Last Will & Testament – $500

  • Name a Guardian
  • Leave Specific Bequests
  • Reduce the Risk of a Will Contest
  • Give Yourself Peace of Mind

Basic Estate Plan – $800

  • Last Will and Testament
  • Durable Power of Attorney
  • Power of Attorney for Health Care
  • Living Will & Burial Instructions

Living Trust Estate Plan – $1,500

Our Most Popular Plan
  • Includes all of the Basic Estate Plan plus:
  • Revocable or Living Trust
  • Declaration of Trust
  • Certification of Trust
  • Assignment of Personal Property to Trust & Deed Transferring your House into Trust

Medicaid Planning Estate Plan – $2,500

Perfect for those over 60
  • Irrevocable Trust to Protect Assets
  • Last Will & Testament
  • Durable Power of Attorney
  • Power of Attorney for Health Care
  • Living Will
  • Burial Instructions & Deed Transferring your House into Trust
Why do I need an Estate Plan?

If you are concerned about your estate and the future security of your loved ones, then you should consider doing an estate plan. Our estate planning packages can help you avoid probate, minimize potential federal and state estate taxes, as well as, embody your wishes as to:

  • Who will inherit your estate;
  • Who will care for your children; and
  • Who will handle your finances and make medical decisions for you if you are unable to do so.
Do I really need an Estate Plan now?

Because the only time you can prepare and execute your estate plan is while you are alive and have legal capacity, you should do an estate plan now. If you become unable to manage your affairs or suffer from a disability that may impact your ability to manage your affairs, you run the risk of your wishes being challenged and not being carried out to your satisfaction.

I already have a will. Is that enough?

A will is a good start. However, while a will states who you want to inherit your estate, it does not avoid probate, which can take 6 months to a year or longer and can be very costly. In addition, the will does not give anyone the ability to act on your behalf to make financial and medical decisions, if you are incapacitated and unable to make decisions for yourself.

What does a Will do for me?

A will allows you to leave your real and personal property to specific people (i.e. “my niece, Katherine”), or to a group of people (i.e. “my children”). A will most importantly is the only place where you can name a guardian for your minor children.

What are the benefits of a Revocable or Living Trust?

A Revocable or Living Trust is recommended to almost all of our clients. Like a Will, it lists who you want to inherit your estate by listing specific bequests or leaving your estate to a general group of people. Unlike a Will, however, any assets contained in your Trust will avoid probate, thereby passing to your heirs without the cost or hold up of the probate process. A Revocable Trust is also used to limit or eliminate the need for your heirs to pay estate tax on the assets they inherit. It allows you to control when and how young children will take possession of their inheritance providing Trustee oversight until the child reaches a mature age. Finally, it protects the trust assets from creditors, divorcing spouses and lawsuits.

What is a Durable Power of Attorney?

A Durable Power of Attorney is a document that allows the person you chose to make financial decisions on your behalf. You do not need to be incapacitated for the document to take effect. However, it can be set up so that it springs into effect only if you become incapacitated. A Durable Power of Attorney avoids the need to have a Guardian appointed for you if you are unable to make decisions for yourself.

What is a Health Care Power of Attorney and Living Will?

A Health Care Power of Attorney and Living Will allows the person you choose to make decisions regarding your Health Care if you are unable to do so. They allow the person you choose to speak with your doctors, hospitals and health insurance companies regarding your treatment and care. They also state your wishes regarding life support, feeding tubes, and organ donation.

How do I know if I should do Medicaid Planning?

The Medicaid Package is designed for people in their 60s and 70s who do not have long-term care insurance and who want to qualify for Medicaid, if they need to enter into a nursing home. Through the use of different trusts, we can protect various assets that you may have including, your primary residence, investment property, and bank accounts. Not all assets can be protected and there is a 5 year waiting period from when your property is transferred into the trust to when you can qualify for Medicaid.

What is a Special Needs Trust and do I need one for my child?

A Special Needs Trust is a trust that will allow your disabled child to inherit your estate without compromising the State or Federal benefits he or she is currently receiving.

Should I have a Special Needs Trust for my child?

If your child has a disability and is receiving benefits from the state or federal government, you should have a Special Needs Trust. You can then place money in the Trust for their benefit without effecting their benefits.

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