Most people have a preconceived notion that an estate plan is expensive. This is partly due to some attorneys who choose to use exoctic and complicated estate plans. The more complicated, the more they can charge.
For 95% of the people out there, a simple estate plan is all that is needed.
A simple estate plan consists of four core documents:
- Your Will
- Financial Power of Attorney
- Medical Power of Attorney
- Physicians Directive (Also known as a Living Will).
If you qualify for a simple estate plan, your fees would be as follows:
Individual – $750.00 total. This would include the Will, Financial Power of Attorney, Medical Power of Attorney and Physicians Directive.
Married Couple – $1000.00 total. This would include the Will, Financial Power of Attorney, Medical Power of Attorney and Physicians Directive.
Some situations do require more complex estate planning and the prices for those situations vary and are done on a case by case basis. Also, some people only want a single document, which we do offer as well. The fees vary and depend on the type of document and whether you are an individual or couple.
If you want to discuss what your estate plan would cost, please call 469-607-8552 and set up your free financial strategy session (30 minutes).
Oh my God! Without this article, I wouldn’t realize that a basic estate plan only requires a few documents including those that signify the powers of our attorney. My aunt would be happy if she finds out about this because she plans to establish a will before her 80th birthday next week. I’ll ask her to meet a legal expert to help her with the process.