Wills, Trusts & Estate Planning Packages


Estate PlanningMost adults can benefit from an estate plan, and we offer packages to meet the needs and budget of a wide range of individuals and couples. While many people do not consider estate planning until their retirement years, estate planning is also important for individuals and couples who have or or planning to have children. Estate planning covers more than just a Will or Trust: we provide power of attorney documents so that you can choose trusted individuals to handle your finances or medical decisions in the event you can not do so yourself. Estate Planning Packages and Pricing

 

Our estate planning packages include:

Powers of Attorney

Every adult can benefit from a Medical and Financial power of attorney. Without a power of attorney, even spouses will find it difficult to do simple things such as: reviewing medical records of a disabled spouse; selling jointly titled property; filing tax returns; receiving insurance benefits on behalf of a disabled spouse, etc.

We provide a comprehensive package, including registration of your Medical power of attorney with our document retention provider, DocuBank. In addition, powers of attorney are included in all of our estate planning packages.

Includes:

Please contact us to schedule your Estate Planning initial consultation.
Individual: $750.00
Spouses $950.00

Basic Will Package


Includes:
  • Estate Planning counseling session
  • Basic Last Will and Testament
  • Durable General Financial Power of Attorney
  • Advance Medical Directive and Medical Power of Attorney

Please contact us to schedule your Estate Planning initial consultation.
Individual: $900.00
Spouses $1200.00

Deluxe Will Package with Testamentary Trusts


Includes:
  • Estate & Tax Planning counseling session
  • Deluxe Last Will and Testament with Testamentary Trusts for Minor Children or Special Needs Beneficiaries
  • Durable General Financial Power of Attorney
  • Advance Medical Directive and Medical Power of Attorney
  • One year of DocuBank document retrieval and storage system.

Please contact us to schedule your Estate Planning initial consultation.
Individual: $1,200.00
Spouses $1,800.00

Revocable ("Living") Trust Package

Revocable or "Living" Trusts are created during your lifetime, and have several benefits, which include:

  • Avoiding both the time and expense of the court probate process for estates.
  • Tax planning to maximize the value of retirement accounts after death and minimize gift and estate taxes.
  • Control after life of assets held in trust for minors, disabled beneficiaries, elderly parents, and other beneficiaries with special needs or who have circumstances that make it prudent to have another person manage their assets.

Our Revocable "Living" Trust package includes all of the items in the Deluxe Estate Package and the creation of the Revocable "Living" Trust for an individual or Husband & Wife .

Please contact us to schedule your Estate Planning initial consultation.

Individual: $3,000.00
Spouses: $4,500.00

Elder Asset Protection Trust

For clients in their retirement years, protecting your assets from creditors and from nursing home expenses can be a major concern. Our comprehensive Asset Protection Trust protects against creditors and Medicaid spend-down and allows you to use your assets to enhance your standard of care.

Our Asset Protection Trust package includes all of the items in the Deluxe Estate Package and the creation of the Asset Protection Trust for an individual or Husband & Wife .

Please contact us to schedule your Estate Planning initial consultation.

Individual: $4,000.00
Spouses: $6,500.00

Virginia Domestic Asset Protection Trust (DAPT)

The Virginia Domestic Asset Protection Trust (“DAPT”) is an irrevocable trust, created during your lifetime, which provides protection from general creditors. This trust is appropriate for holding financial assets (stocks, bonds, etc.) or real estate located in Virginia. The Trust requires the appointment of an independent Trustee, located in Virginia, which may not be a close relative. Transfers to the Trust are irrevocable, but the Trust can give the independent Trustee the discretion to make payments on behalf of the person(s) creating the trust, and other beneficiaries designated in the Trust document.

The Virginia DAPT is most appropriate for professionals (e.g. doctors, veterinarians, attorneys, accountants, etc.) who are concerned about malpractice liability, or any other individual with concerns about general creditors. A Virginia DAPT is ideally funded with a portion of your assets, such as investment portfolio or rental real estate that is located in Virginia, and the funding needs to occur at a time when the person creating the trust does not have any current issues with creditors.

Please contact us to schedule your Estate Planning initial consultation.

Individual: $3,000.00
Spouses: $4,000.00

Life Insurance Trust

Creating a Life Insurance Trust ensures that your life insurance proceeds are paid to your beneficiaries tax-free and without increasing the size of your taxable estate, giving you the best value for your insurance dollar while providing for your your loved ones.

 

Please contact us to schedule your Estate Planning initial consultation.

Individual: $2,500.00
Spouses: $3,000.00

Pet Trust

A Pet Trust llows you to set aside a specific pool of money for the care of your pets after your life. A Pet Trust can be a standalone Trust, or can be incorporated into any of our other Trusts for no additional charge.

 

Please contact us to schedule your Estate Planning initial consultation.

$1,200.00

Virginia Revocable Pay on Death Deed

In Virginia, a property may be transferred by a Revocable Pay On Death Deed. This Deed allows you to specify one or more beneficiaries for your property upon your death, while maintaining ownership in your own name during your lifetime. You may revoke or amend the Revocable Pay On Death Deed during your lifetime, or sell the property. If you do not revoke, amend, or sell such property, then the Revocable Pay on Death Deed will transfer the property on your death directly to the beneficiaries, without requiring court probate. The Revocable Pay On Death Deed is useful in smaller estates and can be combined with our Level 1, Level 2 or Level 3 planning. We charge a fixed fee of $850.00, which includes our limited title search, preparation of the new Deed, notarization of your signature on the new Deed, and recordation of the new Deed at the appropriate Virginia land records office. Recordation fees are extra, but are typically $20 - $25 per Deed in Virginia.

 

Please contact us to schedule your Estate Planning initial consultation.

$850.00

Deed of Gift

Gifting a property to a family member, friend, or other beneficiary during your lifetime may be an appropriate part of your overall estate planning. We can prepare a Deed of Gift for a fee of $750.00, which includes our limited title search, preparation of the new Deed, notarization of your signature on the new Deed, and recordation of the new Deed at the appropriate land records office. Recordation fees are extra, but are typically minimal for a Deed of Gift.

 

Please contact us to schedule your Estate Planning initial consultation.

$750.00

Warranty Deeds

We can handle private sales of property between family members or unrelated parties. Our fee for preparing a Warranty Deed is $950.00 and includes a title search, preparation of a new Deed, notarization of your signature on the new Deed, and recordation of the new Deed at the appropriate land records office. Recordation fees are extra, and typically are based upon the sales price of the property.

 

Please contact us to schedule your Estate Planning initial consultation.

$950.00

All Other Estate Planning Matters

  $310.00/hour

Please contact us to schedule your initial consultation: Contact Arlington Law Group