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.

 

CONTACT US

Call Us Today for a
Free Initial Consultation

Thomas D. Reino, P.C.
Bank of America Building
2000 E. Lamar Blvd., Suite 600
Arlington, Texas 76006

817.303.2133 Office
972.264.0891 Fax

tom@tomreinolaw.com

Our Law Firm Websites

> Reino Law Firm

Areas of Practice

Estate Planning
Guardianships
Powers of Attorney
Probate
Trusts
Wills