We Answer Some Frequently Asked Questions About Estate Planning
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What does a conservatorship cost?
A limited, non-contested conservatorship is a court process and costs approximately $4,000, plus court fees. To find out what a conservatorship may cost your family, we recommend you call our wonderful Client Services Director, Bonnie Johnson.
What does a trust administration cost?
Trust administration costs vary depending on the size and complexity of the estate. In general, trust administration fees are usually between 1%- 1.5% of the estate. Some estates do not warrant even a 1% fee, and may be done on an hourly basis.
What do you charge for assistance after my plan is set up?
After you become our client, we will meet with you, talk to you, and email with you, anytime without a fee. We want to hear from you and want to make sure your plan is up to date, and you can count on us for guidance now and always. If you do want to change your actual legal documents down the road, the fee is typically nominal compared to the initial set up, making it easy for you to maintain your plan. Our ongoing service is a tremendous value and one of the major reasons clients select us as their attorneys.
What does probate cost?
Probate fees for an uncontested probate are statutory in nature and set by the California Probate Code. (Cal. Probate Code § § 10810, 10811.) Fees are based on the total market value of the assets subject to probate. Probate fees are usually paid out of the late loved one’s estate. Most probates cost between 5% and 8% of the total estate value, depending on the size of the estate. Please call our warm Client Services Director for more information on probate costs.
Do you offer payment plans?
Yes, our firm offers non-interest payment plans so you can obtain the plan you need without financial burden.
What does it cost to meet with Meier Law Firm?
Families wishing to talk with us should begin by scheduling an initial planning session. The current planning session fee for a 90-minute meeting is $750.00, which can be credited toward any future planning you do with our law firm. However, we often have special programs and promotions that waive the initial planning fee. Please call our warm Client Services Director, Bonnie Johnson, to see schedule a planning session, and see if a fee waiver is possible for you. For sessions where a fee waiver is applied, we do require you to still reserve the session with your credit card. If you attend your session, or cancel or reschedule with advanced notice, your card will not be charged.
How much does it cost to set up an estate plan?
Most reputable estate planning firms in California can provide a comprehensive estate plan for $3500-$5500 depending on your needs. Our firm offers different levels of planning depending on your needs. Our plans range from $1500 to $12000 depending on the services we are providing. Most families find themselves in the $4000 range.
I have an estate plan already and need to make changes. Can your firm help me even if you did not prepare the plan?
We typically do not make amendments to plans prepared by other attorneys because of liability concerns. However, we can amend and restate your trust in its entirety, so you can keep the name of your trust, but update all the content to become current with recent changes in law, and to reflect your current wishes. We can also provide you a full review of your current estate plan, so you are aware of what changes should be considered.
Will my California estate plan still work if I move out of state?
Many of our clients lived or owned property here, and subsequently have moved out of state. Because technology makes it easy to stay connected, we can usually continue to assist clients even when they move away. You can also hold any U.S. based assets in your California revocable living trust, often eliminating the need to start over when you move away.