FLAT FEE GUIDELINES & PACKAGES
Estate planning at WLF is not one size fits all for everyone. We customize "a plan for every family." We have A La Carte estate planning and we offer multiple levels of planning packages to suit your varying needs. Our firm believes in personalized service for each and every client. Our approach is educational and proactive – we first determine each client’s individual needs, desires and values, and then tailor their plan to best fulfill their dreams.
If you qualify for one of our Family Affairs Packages,™ this is the “plan” WLF was founded to provide. We bundle a family, financial, and estate plan in a done-for-you custom Family Affairs Legal Manual that not only will protect your assets and provide for your loved ones, but will give you peace of mind that you have everything in place for all those what-if moments. The Family Affairs Legal Manual will be provided in a beautiful archival quality linen binder/box to hold your originals, on a flash drive and in a secure client portal so you can access it directly from an app on your phone. In addition, you will be entitled to a Trusted Advisor Plan for life - advisors that are intimately familiar with your family and will meet with you to ensure you are protected for life.
FAMILY PLAN SESSION
2 Hour Session with Estate Plan Design Summary
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 cost is applied in full towards any estate plan element(s) you move forward with.
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
FAMILY AFFAIRS PACKAGE
Last Will & Testament (with Testamentary Trust), Power of Attorney, Health Care Directive Package, Asset Analysis and Recommendations, Family Affairs Legal Manual with Index and In-House Counsel Plan (Trusted Advisor Sessions every 3 years and client counseling). Package fees vary for individuals and couples, level of complexity, and chosen features.
TRUST ADMINISTRATION SESSION
Review and analysis after a loved one's passing who had a WLF Fully-Funded Trust
Upon a trust-based WLF client's passing, we are here when you are ready to meet to review the former client's Family Affairs Legal Manual, asset values, and beneficiary's circumstances to develop a Trust Administration Analysis and Checklist to follow on your own or with our help.
FAMILY PLAN SESSION with ESTATE PLAN REVIEW
2 Hour Session with Estate Plan Analysis and Estate Plan Design Summary
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.
LIFE INSURANCE TRUST
Specialized Life Insurance Trust, Funding Letters and EIN. Commonly known as an "ILIT" and used to "gift" life insurance death benefit to a Trust with your named beneficiaries (rather than a simple beneficiary designation with the life insurance company) to exclude the value of the life insurance death benefit from your net worth for estate tax purposes. The "death benefit" will then pass to your beneficiaries income and estate tax free. Package fees vary for individuals and couples, level of complexity, and chosen features.
REAL ESTATE TRUST
Real Estate Trust, Certification of Trust, Deed and Homestead Declaration (MA). Specialized Trust to hold real property and designate individual, group, or trust beneficiary to avoid probate court process. Electronic recording available at fee set by Clerk/Registry of Deeds.
Package fees vary for individuals and couples, leve of complexity, and chosen features.
FAMILY AFFAIRS PACKAGE
Revocable Living Trust(s), Trust Certification and ancillary Trust Funding documents and assistance, Pour-Over Will(s), Child Protection Plan (Minor & >18), Power(s) of Attorney, Health Care Directives, Family Affairs Legal Manual with Index, Paper and Digital Plan (flash drive and secure client portal), and In-House Counsel Plan (Trusted Advisor Sessions every 3 years and client counsel).
Package fees vary for individuals and couples, level of complexity, and chosen features.
ESTATE ADMINISTRATION SESSION
Review and Analysis after loved one's passing who had a Will or no estate plan
Upon a loved one's passing, we are here when you are ready to meet to review the decedent's estate. If the decedent has will-based plan we will likely need to recommend a Probate Administration (and this session will be credited towards such). If no probate court procedure is necessary, we will provide an Estate Analysis and Checklist with deadlines and delegate tasks that you and/or we can complete.
LAST WILL & TESTAMENT
Public document filed in Probate Court upon death that names fiduciary to oversee the transition of assets to beneficiaries and minor children to guardians.
HEALTH CARE DIRECTIVES
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.
CHILD PROTECTION PLAN
Nomination(s) of Guardian, Temporary Designation of Guardian, Minor Child Power of Attorney, Minor Child Health Care Proxy, Confidential Exclusion of Guardian (if necessary), Caregiver Instructions, Guardian Instructions, and Emergency Guardian Card(s).
IRREVOCABLE GIFT TRUST
Irrevocable Trust and EIN. Trust set-up to "give away" assets for a variety of reasons; to lower net worth for estate taxes or asset protection for yourself or others. Package fees vary for individuals and couples, level of complexity, and chosen features.
FAMILY AFFAIRS PACKAGE
Trust-Based Package with Funding Assistance
Trust-Based Package with additional Trusted Advisor Session and hours allocated to speak to financial advisors, agents and fill out forms to ensure fully funded Trust(s). Package fees vary for individuals and couples, level of complexity, and chosen features.
Review, analysis and preparation of Probate Court filing
Upon a loved one's passing we will review their estate plan (or lack thereof) and assets to determine how to proceed, gather paperwork and prepare the probate court filing to submit to the relevant probate court(s). This process typically take over a year.