Time Involved in Creating Basic Estate Plans
The main
factor I consider when pricing a basic Will and Basic Estate Plan is the amount
of time spent.
WILLS:
Ø
Meet with
the client(s) to discuss his/her/their desires
Ø
Review
the estate planning questionnaire
Ø
Draft the
Will(s)
Ø
Meet with
the client(s) to review the Will(s) and make changes if necessary
Fee for an Individual: $250
Fee for a Couple: $400
Additional
estate planning documents = $50 each
(When
drafted as part of an estate plan)
BASIC ESTATE PLANNING PACKAGE
|
Single
Person
|
Married
Couple
|
Total Fee for Estate Planning
Package:
|
$500.00
|
$900.00
|
Simple Will
for Non-Taxable Estate
|
$250.00
|
$400.00
|
Statutory
Durable Power of Attorney
|
50.00
|
100.00
|
Medical
Power of Attorney
|
50.00
|
100.00
|
HIPAA
Authorization (for the release of medical information)
|
50.00
|
100.00
|
Directive
to Physician / Advance Directive (living will)
|
50.00
|
100.00
|
Declaration
of Guardian for Self
|
50.00
|
100.00
|
DOCUBANK
AND ADDITIONAL DOCUMENTS
DocuBank®
is a document storage service that provides immediate access to healthcare
directives and emergency medical information wherever you are at the time a
medical emergency happens. 75% of people who execute a medical power of
attorney, HIPAA authorization and a directive to physician do not have those
documents when they need them. With
Docubank you are issued an identification card that you carry in your wallet
and if a medical emergency arises the doctor or hospital can call the number on
the card and obtain your directive to physician (living will) and the other
important medical documents you have executed. You don’t have to worry about carrying those documents with you. (See
www.docubank.com for more information) Five years of the DocuBank® service
costs $145.00 per person. I charge an
additional $200.00 for preparing the following estate package for a single
person and $350.00 for a couple for these additional important documents and a
five year subscription to DocuBank®.
|
Single
Person
|
Married
Couple
|
Total Fee for Estate Planning
Package:
|
$750.00
|
$1,250.00
|
Basic Estate
Planning package (described above)
|
$500.00
|
$900.00
|
Also Included:
Estate Planning Portfolio binder, additional important documents and 5 year
subscription to Docubank®
|
250.00
|
350.00
|
Total
package includes:
|
|
Estate
Planning Portfolio binder (maintain all important information in one
location)
|
|
Information
Section (list important contact information for executors, family members,
financial and medical agents, professionals and family advisors)
|
|
Section to
store copies of health, life, disability, accident, auto, homeowner and other
important insurance policies.
|
|
Section to
store important documents such as contracts for burial, birth and marriage
certificates, documents related to military service, etc.
|
|
Memorandums
for the distribution of tangible personal property
|
|
Medical
Memorandum so others know what medical decisions you want them to make
|
|
Section
for memorial, funeral and other end of life instructions.
|
|
Form for
appointment of agent to control disposition of remains
|
|
Form for
Anatomical Gifts (if desired)
|
|
|
|
|
|
FEES FOR INDIVIDUAL DOCUMENTS
(WITHOUT AN ESTATE PLANNING PACKAGE)
Statutory Durable Power of
Attorney (for finances)
|
100.00
|
Medical Power of Attorney and
HIPAA Authorization (for the release of
medical information)
|
150.00
|
Directive to Physician /
Advance Directive (living will)
|
100.00
|
Declaration of Guardian
|
100.00
|
Form for Appointment of Agent
to Control Disposition of Remains
|
100.00
|
Memorandums for the
Distribution of Tangible Personal Property
|
25.00
|
Medical Memorandums (provides expression of your wishes for certain medical conditions and procedures. Requires possession of or execution of a
Medical Power of Attorney and HIPAA Authorization)
|
100.00
|
Form for Anatomical Gifts
|
100.00
|
ADDITIONAL PLANNING FOR CHILDREN
|
With
Package
|
Without
Package
|
Declaration of Guardian for
Child
|
$50
|
$100
|
Medical Power of Attorney for
Child with HIPAA Authorization for Child
|
$100
|
$200
|
Call Tom Reino to discuss any questions you have about drafting a will.
|