![]() ![]() Many good firms will also give you a binder to organize your estate planning documents, insurance policies, memos, and related financial documents.Ĭost: The cost per person (or couple) should be $650.00 to $3,000 depending on whether or not you need trust planning, or have a child or grandchild with a special need. This type of planning should include (at no additional cost) a durable power of attorney, a living will, medical power of attorney, a HIPPA authorization, and perhaps a sample estate planning memorandum that you can adapt and customize. What should you do? Consider getting a good law firm to give you a complimentary initial appointment to asses your situation and advise you about updating your documents or doing a good plan for you. Get a flat fee in advance and make sure the initial consultation is complimentary.Ī score of 35- 55 means that your affairs are becoming moreĬomplicated or your planning is outdated. Lawyer, consider legal zoom or a reputable gnarl practice lawyer at a fixed fee to do a will or toĬost: The cost per person for all of the documents on legal zoom should not exceed $400.00 and the cost for a good law firm should range between $500 and $1,000.00. If you just did your planning diary to review it in two years or if you have children,īuy life insurance, or need to change any of the executors, trustees or guardians. So what is your total and what does it mean?Ī score of 10 - 30 means that you'e financial situation isn't tooĬomplicated and/or you just did your planning. Over the age of 75 ( add 10 more points )ĭo you own a home? ( add 5 points ) vacation home? ( add 10 points )ĭo you have grandchildren ( add 10 points )Īre any of the children or grandchildren minors? ( add 10 points )ĭo you have a child or grandchild with a special need or who receives public benefits? ( add 15 points )ĭo you own a business, investment real estate or have you made an investment in a company? ( add 20 points )ĭo you have an IRA or 401k with a value of over $100,000.00 ( add 10 points )ĭoes your IRA 401k or other retirement plans total more than $1,000,000.00 dollars? ( add 15 points )Īre you the beneficiary of any trust or estate? ( add 15 points )ĭo you own a life insurance policy with death benefits of $100,000.00 or more? (add 5 points)ĭo you own a life insurance policy with death benefits of $500,000.00 or more? (add 10 more points)ĭo you have a will? (if yes deduct 10 points) (if it's older than five years, add 15 points)ĭo you have a power of attorney? (if yes deduct 10 points) (if it's older than five years, add 15 points)ĭo you have a medical power of attorney (if yes deduct 10 points) (if it's older than five years, add 10 points)ĭo you have a living trust? (if yes deduct 5 points) (if it's older than five years, add 15 points)ĭo you have a living trust? (if yes deduct 10 points) (if it's older than five years, add 15 points) What to do and how much it should cost below.Ĭheck your score below to find out how urgent theįor each yes answer, add the number of points listed!Īre you over the age of 25? ( add 5 points ) If you answer yes to three or more of the following criteria, it's time to get someīasic estate planning or to update your will. ![]() Or planning you might need as well as how to Urgent your need and what type of will, trust, ![]() Getting A Will or Updating Your Will- The EssentialĬhecklists and Evaluator For Pennsylvania Estate PlanningĪre You OK, In Big Trouble or Do You Need To Act Now?Īnswer the test questions below to find out how
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