Can I have a simple will, please?
Yes, of course! Might we also suggest an estate plan? A Will comes into play after you’re dead, but there are a lot of other important legal documents you are likely to need while you’re still busy living your life. When you come in to meet with us we’ll show you the difference between a bare bones, basic Will and the kind of comprehensive estate plan everyone needs.
Why do I need an estate plan?
Congratulations, you have an estate! Your estate is all your stuff. And you need to make a plan for who will take care of it if you ever can’t and where it should all go after you do. A good estate plan that every adult needs will go well beyond those basics (Will, Power of Attorney, Health Care Proxy) though.
What if I don’t have much?
You may not have a high net worth and that’s fine! A good estate plan isn’t just for the very wealthy. You have yourself and the people you love and you probably care about what happens in those respects. Those are usually the most important considerations in a good estate plan. That’s why a simple Will is likely not enough.
What if I do have a lot of stuff and I’m worried about asset protection and leaving a legacy for my loved ones or to charity?
That’s great! We’ll explain your options and help you formulate the best plan for your unique family and financial situation.
What happens if I don’t have an estate plan?
If you don’t have an estate plan, the state has a one-size-fits-all plan for you, your family, and your assets. First, your loved ones will have to gather all your financial details to submit to the Family and Probate Court. Then a Judge will decide who should be in charge of your assets, who should be legal guardian of your children if they are minors, and who should get all of your assets when.
Your loved ones can try to do this all themselves, but it is a lot of very detailed and time-consuming work, especially when people are busy trying to grieve a loss. They can hire a lawyer to help them, but the costs are often greater than if you had had a comprehensive, detailed, organized estate plan in place.
Those with larger estates can better afford to spend money on estate administration fees as the remaining assets will still be sufficient to provide comfort and/or a solid foundation for their loved ones. Those with smaller estates have more to lose by not having their affairs in order to protect and provide for their loved ones.
What happens after I get my new estate plan?
You will need to dust off and review your estate plan at least once a year and as your family and financial situations change during your lifetime, you will likely need to make at least minor changes. To help make sure your plan always reflects your wishes and works how you want it to work, we offer complimentary reviews for all our clients every 3 years.
Do I have to have it all figured out before I meet with you?
Absolutely not! That’s why we’re here. We will help you organize your information and provide you with enough legal counseling and advice to help you make the best possible decisions for your own family and finances. Calling our office is the first step toward genuine peace of mind.
How much is this going to cost?
A comprehensive, Will-based plan typically starts around $1,500 and goes up from there, depending on your unique circumstances. We charge flat fees and accept credit cards to help make it easier for you to budget and obtain the plan you need now.
How can I keep the fees down?
By completing your intake worksheet as thoroughly as possible, coming to your initial meeting prepared to make big decisions, and responding to requests for follow up information and confirmations, you will help keep the process moving along to avoid unnecessary delays and reduce costs of providing you with these legal services.
Serving clients near and far, from the South Shore to the Cape, MetroWest to the North Shore and back again. We're worth the drive, and accessible via the train too, but we can condense meetings and schedule conference calls to save time and energy. Ask us how.
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