While all of us may not have a French chateau or collection of antique door stoppers to pass on to the next generation, everyone should have a Will. Whatever the size of the estate, most of us place the most value not on the personal belongings or money we leave to loved ones, but rather on the ability to name the people who were most valuable to us during our lifetimes.
In its simplest form, the will provides you with the opportunity to set out who will receive your estate as well as who will direct the administration of your estate. In Florida, the person who makes the will is called the Testator while the person who administers the estate is called the Personal Representative. In other states the Personal Representative is called the Executor. Your will may also accomplish more complex estate planning goals by creating trusts for minors, spendthrift beneficiaries, or beneficiaries who require public assistance to pay for their care.
During your individualized Estate Planning Consultation, we'll review your unique situation and provide individualized options for you. We will also provide you with valuable tips for how you can avoid common planning pitfalls and try to organize your estate to avoid probate. For this individualized advice and review of your current estate, we charge a fee that is paid at the time of the appointment and is based on the complexity of your estate and the advice to be given. This fee typically ranges between $150 for simple estate planning up to $275 for more complex, high net-worth, taxable estates, or for Long-term care planning.
Clients are sometimes weary of initial consultation fees and we understand that. We have found that attorneys who charge for the initial time spent in reviewing your unique situation, finances and values can avoid the appearance of trying to "sell" any documents or legal work that may not be needed while at the same time providing value to you in that initial consultation.
We hope to see you soon!