ESTATE PLANNING PROCESS

OVERVIEW

Every new client begins their relationship with a Family Plan Session.  Due to the importance of this session we schedule you to meet with an attorney for 2 hours to focus on your family.  During this productive meeting, the family identifies their hopes, fears, and values in order to prioritize their goals and objectives.  We counsel you as to how your current plan would work (or not work as is usually the case), what types of plans are available, and how you and your family would be protected and provided for once you implement your new plan.

Next, we schedule a Confirmation Session about 1-2 weeks after the Family Plan Session for your benefit.  It allows you a just right amount of time to think about the choices you made at your Family Plan Session, speak to some of the trusted family and friends you’ve chosen to help you when need be, and gives you time to gather information like contract information and account statements that will be indexed in your Family Affairs Legal Manual.

The Signing Session takes place approximately 1-2 weeks after your Confirmation Session.  It is the culmination of your efforts to put a wonderful and comprehensive plan in place for your family; you walk out with a great sense of accomplishment and peace of mind that you have protected your family from life’s inevitable progression.  While the Signing Session may have you signing as many documents as a real estate closing, the distinction is that you have taken control of your life and put protections in place for your family that you can update whenever you like; you have created rights for your family, not signed away them away to a creditor.

Once you have a plan in place, you will have time to review it in detail over the next 90 days before meeting for your first Trusted Advisor Session.  If you change your mind with respect the your fiduciaries or the succession order, notice a typo, found some more asset statements, or simply have some questions, this is a great time to make corrections or finish organizing your Family Affairs Legal Manual.  If you have a trust-based plan, this is also the time to confirm that your assets have been funded to the trust.

 

The initial Trusted Advisor Session is the beginning of your In-House Counsel Plan.  We don’t end our relationship with you once you sign your plan, but rather look at this as a lifetime commitment to ensure your plan will work as intended despite the changes that will take place in your life after you sign your plan.  You will meet with us every three years thereafter or more via our In-House Counsel Plan.

FEES

Family Plan Session

Each Family that works with WLF begins with a session to review your family history, member, goals, assets, and issues. We provide an overview of your options and counsel you regarding fiduciary, beneficiary, and management options during the Session. After the Session we draft and send you a detailed Estate Plan Design Summary for your review. The Session typically runs about 2 hours. The cost is applied in full towards any estate plan element(s) you move forward with.

$550

Family Plan Session with Estate Plan Review

If you have any current planning in place we review it ahead of the Family Plan Session and prepare an Estate Plan Analysis. This allows us to focus on what amendments, edits, and recommendations we would advise to make the most productive use of your time. We understand that you have invested in your current plan, but if we did not draft that plan it takes a bigger investment of our time to figure out what the current plan does (or does not do) so that we can give the best advice.

$950

Last Will & Testament (simple)

Public document filed in Probate Court upon death that names fiduciary to oversee the transition of assets to beneficiaries and minor children to guardians.

$750

Last Will & Testament (with Testamentary Trust)

Public document filed in Probate Court upon death that names fiduciary to oversee the transition of assets to beneficiaries with the protection of an on-going trust to help avoid estate taxes, delay distribution time period, and attach asset protection for surviving spouse and children.

$1250

Power of Attorney

Document that grants another person the authority to handle your finances on your behalf if you are unable to do so. Primarily used for convenience, incapacity and may help to avoid expensive adult guardianship procedures.

$550

Health Care Directive Package

Health Care Proxy, HIPAA Release, Advance Directive, & Final Disposition Authorization & Instructions. Documents grant another person the authority to make healthcare decisions on your behalf if you are unable to do so, allows them to review confidential medical records to make the best-informed decision, and make decisions based on your wishes.

$550

Basic Estate Plan

Last Will & Testament, Power of Attorney & Health Care Directive Pacakge (Married Couple $2000)

$1500

Child Protection Plan: Minors < 18

All Children: Nomination of Guardian, Temporary Designation of Guardian, Child Medical Proxies, Caregiver Instructions, Guardian Instructions, Emergency Guardian Cards

$1000

Child Protection Plan, 18 < 25

Priced per Child: Power of Attorney and Health Care Directive Package

$500

Real Estate Trust Package

Realty Trust, Trustee Certificate, Deed & Homestead Declaration

$1500+

Family Affairs Will-Based Packages

Priced based on complexity and features you choose (Couple $3000+). Includes Last Will and Testament, Child Protection Plan (Minor & >18), Power of Attorney, Health Care Directives, Family Affairs Legal Manual, and In-House Counsel Plan

$2500+

Family Affairs Trust-Based Packages

Priced based on complexity and features you choose (Couple $5000+). Includes Revocable Living Trust(s), Trust Certification and ancillary Trust Funding documents, Pour-Over Will, Child Protection Plan (Minor & >18), Power of Attorney, Health Care Directives, Family Affairs Legal Manual, and In-House Counsel Plan

$4000+

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Massachusetts Estate Planning, New Hampshire Estate Planning, Andover Estate Planning, North Andover Estate Planning, Methuen Estate Planning, Boxford Estate Planning, Tewksbury Estate Planning, Burlington Estate Planning, Winchester Estate Planning, Amesbury Estate Planning, Essex County Massachusetts Estate Planning, Middlesex County Massachusetts Estate Planning, Suffolk County Massachusetts Estate Planning, Boston Estate Planning

Wills Trusts Power of Attorney Health Care Proxy Advance Directive Living Will HIPAA Release Life Estate Realty Trust Nursing Home Protection Planning