If I don’t have a lot of money, do I still need an Estate Plan?

Yes, an estate plan has many benefits. The assets you have will pass to your loved ones without the expense of Probate. If you are incapacitated, an estate plan will designate family members to make decisions on your behalf. If you have minor child, an estate plan will allow you to direct who you want to care for them if you are unable to. An estate plan can also provide significant tax savings when it distributes your assets to your family after you pass.

What are some benefits of an estate planning?

An estate plan does a lot more than just distribute assets after death.  A comprehensive estate plan includes: documents that will authorize designated people to make medical and financial decisions if the client is unable; documentation that waives HIPAA guidelines so family members can be part of the decision process if the client is undergoing medical treatment if that is the desire of the client; if the client has minors, it provides directions on how and by whom they should be cared for.

How much does an Estate Plan cost?

A complete estate is around $2,400, but prices vary.  An exact estimate will be provided at the Initial Consultation

Why does an Estate Plan include a Trust and a Will?

A trust is the primary document that will transfer the client’s property and assets. A will, or in this case, a ‘pour-over will’, functions as a safety net.  Essentially, the pour-over will transfer everything that is not in the trust into the trust. It provides assurance that the property is distributed as desired by the clients. The will also includes instructions for caring for minor children.

What if my question wasn’t addressed here?

If you have a question, please submit the question via the ‘Contact Us’ page. We’ll respond directly to you and post the question so others may benefit from the answer.