General Fee Schedule & Estate Plan Packages
Most of our estate planning services are billed as flat fees for a complete estate plan package. There are very limited billable hours. The exact fee for your estate plan package will be provided after your estate planning consultation and will be detailed in your estate plan proposal. It is not possible to give a firm price prior to the estate planning consultation because you may have a particular need or asset that requires special attention and which may impact your fees. However, the information below provides a very good estimate.
Reznik Law, PLLC is unique in our comprehensive approach to estate planning, offering not only the essential legal documents clients need but also the tools to ensure their plan is well-organized and easily accessible.
The following items and services are included with every complete estate plan package:
Estate Planning Consultation
This meeting is conducted in-person at our Cary office or remotely via zoom. The meeting typically takes about 60-75 minutes. The purpose of the consultation is to discuss your estate planning goals with an experienced attorney and the attorney will outline the best estate plan to achieve your goals. There is a $250.00 consultation fee. This fee is paid at the time of consultation and is credited back to you and deducted from the cost of your complete estate plan package price, as long as you begin your estate planning within 2 months of your initial consultation.
Drafts Delivered VIA Client Portal and Email
At Reznik Law, PLLC, we offer convenient estate plan document delivery through email and a secure client portal, ensuring that your important documents are easily accessible. This streamlined process allows you to review your drafts from anywhere, at your convenience.
Summary Letter
Having a comprehensive summary letter that explains your entire estate plan is crucial for ensuring that your wishes are clear and easily understood by both you and the person who will one day administer your estate. At Reznik Law, PLLC, we provide this personalized summary letter, offering our clients peace of mind by simplifying complex legal documents and helping future administrators navigate the process with confidence and clarity.
Draft Revisions
Having the opportunity to review your estate drafts before the signing appointment allows you to ensure that all aspects of your plan align with your wishes and provides time for thoughtful consideration. At Reznik Law, PLLC, we prioritize clear communication, offering the chance to speak directly with your attorney and make any necessary revisions, ensuring your estate plan is accurate and fully reflective of your intentions.
Reznik Law Estate Organizer
An estate organizer that details your asset inventory is crucial because it provides a clear, comprehensive record of your assets, making it easier for your executor or trustee to locate your assets and manage and distribute your estate efficiently and accurately. Reznik Law, PLLC provides a digital estate organizer that clients can complete on their own
Signing Appointment
A proper signing appointment with two witnesses and a notary ensures that your estate documents are legally valid and enforceable, providing the necessary safeguards against potential challenges or disputes in the future. Signings are conducted on Tuesdays, Wednesday and Thursday at our Cary office between the hours of 10:00am-3:00pm. Reznik Law, PLLC provides the witnesses and notary for all in-office signing appointments.
USB Drive
At Reznik Law, PLLC, providing USB drive scans of all your signed documents and additional resources offers a convenient, secure way to access your estate plan anytime, ensuring you have everything you need at your fingertips and making it easier to manage your plan and share your signed documents for years to come.
Estate Binder
At Reznik Law, PLLC, we provide an organized estate binder containing all your signed documents and additional resources, offering you a comprehensive, easy-to-navigate reference that ensures your estate plan is accessible and well-maintained for you and your loved ones.
Post-Signing Checklist
Reznik Law, PLLC is unique in providing a customized post-signing checklist that guides clients through the necessary steps to ensure their estate or trust administration is as smooth and efficient as possible for their heirs. This proactive approach helps clients stay organized and ensures their loved ones can manage the estate with ease when the time comes.
Tangible Personal Property Distribution Memo
At Reznik Law, PLLC, we incorporate a personal property distribution memorandum into every estate plan. This allows clients to easily outline how specific tangible items, such as family heirlooms or jewelry, should be distributed among their heirs. This customizable document can be updated over time, providing flexibility and ensuring that clients' wishes regarding personal property are clearly communicated and respected.
Memorandum for Disposition of Remains
All estate plans include a memorandum for the disposition of remains, allowing clients to specify their funeral arrangements and wishes for the handling of their remains. This document is completed by the client and can be updated on their own as often as they like, ensuring their preferences are clearly documented and respected when the time comes.
Six Months of Post-Signing Assistance
We understand that our clients lead busy lives and may not have the time to complete their post-signing checklist immediately after signing their estate documents. That's why we offer ongoing support for up to six months after signing, answering questions that arise (via phone or email) to ensure clients feel confident as they complete the tasks outlined in their post-signing checklist.
Will Package Pricing
Simple Will Package
$1,700 Couple
$1,400 Individual
Package includes: Everything listed above, 2 Wills, 2 General Powers of Attorney, 2 Health Care Powers of Attorney, 2 HIPAA Releases and 2 Living Wills.
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Who is the package right for? This package is best suited for individuals or couples who have a traditional asset composition and plan to leave all assets outright to a few people (or a few organizations) and the recipients of the assets can manage the assets on their own and do not require a continuing trust.
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Who is the package not right for? This package is not suited for people who plan to leave assets to anyone who is not able to manage the assets on their own and will require a continuing trust (such as a minor child).
Complex Will
Package
$2,100-$2,500
Couple
$1,800-$2,200
Individual
Package includes: Everything listed above, 2 Wills with up to one testamentary trust and up to 6 specific bequests, 2 General Powers of Attorney, 2 Health Care Powers of Attorney, 2 HIPAA Releases; 2 Living Wills, up to 2 transfer of death business certificates with accompanying business resolution (if the estate planner owns a business).
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Who is the package right for? This package is best suited for individuals or couples who own a closely held business, have a complex asset distribution plan, or may need to leave assets to someone in trust for a very short period of time (such as a young grandchild).
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Who is the package not right for? This package is not suited for people with minor children because this package will send assets through the probate process.
Revocable Trust Package Pricing
Unfunded Family Trust Package
Starting at-
$2,400 Couple
$2,300 Individual
Package includes: Everything listed above, 2 Wills that distribute everything to a spouse/partner and then pour into a family trust, 1 Family Trust to manage assets for minors, 2 Assignments of Tangible Personal Property into the trust, 2 General Powers of Attorney, 2 Health Care Powers of Attorney with Living Will provisions, 1 Healthcare power of attorney for minor children and 2 HIPAA Releases.
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Who is the package right for? This package is best suited for couples who own their assets jointly with rights of survivorship, have a traditional asset composition, and want to leave assets (or may want to leave assets) to minors in a trust until the minors reach a stated age. This package is designed to avoid probate for a spouse, minimize probate for the children, but avoid the time and expense of creating a funded lifetime trust. This package is also suited for an individual planner who want to leave assets to a minor in a trust.
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Who is the package not right for? This package is not suited for (1) people who own property in multiple states (2) people who may one day have a taxable estate (3) people who want to leave assets to their spouse in a continuing trust or (4) people who want to leave assets to their children in a lifelong asset protection trust.
Simple Funded Trust Package
Price Range-
$3,200-$3,500
Couple
$2,900-$3,200
Individual
Package includes: Everything listed above, 1 Joint Revocable Living Trust (or 2 separate revocable living trusts) with standard continuing trusts for children and other heirs, Certificate of Trust, Assignment of personal property to trust, 1 standard deed transferring 1 North Carolina property to the trust, 2 General Powers of Attorney, 2 Health Care Powers of Attorney with included Living Provisions or separate Living Wills, 2 HIPAA Releases, follow up phone or zoom consultation to review drafts with the attorney.
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Who is the package right for? This package is suited for anyone individual or couple that want to minimize probate as much as possible. Reznik Law, PLLC often recommends this package for individuals or couples who have estates valued at under $9 million dollars, would like to avoid probate, need to leave assets in trust for longer periods of time, have a blended family, need to make multiple specific distributions, have a complex assets composition or own multiple properties or properties in multiple states.
Complex Funded
Trust Package
Custom Pricing Based on Planning Needs
Package includes: Everything listed above and everything included in the Simple Funded Trust Package. The pricing for a complex funded trust package is calculated based on the cost of additional features or specific client requests that they would like to include, or need to include in their funded trust. The cost for this package will be detailed in the estate plan proposal. See below for a price list of the features/documents/specific client requests that may be included in a complex funded trust. This list is not exhaustive. You may have a planning need/request that is not addressed here, and Reznik Law, PLLC can accommodate that need/request.
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Deed Recording: County and third-party recording charges paid by Reznik Law to record new deed. Typically, this cost is $38, but may be higher, depending on the County.
Additional North Carolina Deeds: $250 drafting charge, plus applicable County recording fees.
Marital Trusts: $550 drafting charge. This trust structure ensures that surviving spouse is provided for, but surviving spouse cannot change the ultimate asset distribution. This cost also includes a 60-minute draft review meeting.
Disclaimer Tax Planning: $550 drafting charge. This trust structure creates flexibility and post mortem estate tax planning options is someone doesn’t have a taxable estate now, but may at the time of passing. This cost also includes a 60-minute draft review meeting.
Marital Trust and Disclaimer Tax Planning: $700 total when both of these elements are included in the estate plan.
Additional Sub-trust: Ranges from $450-$1,500 depending on the terms of the sub-trust and drafting time required.
Special needs planning: Additional drafting charge of $500-$2,500 depending on type of documents needed. The higher end is for standalone special needs trust when done as a separate plan and not part of revocable living trust planning.
Business planning: cost varies depending on needs. The cost will be detailed in the estate plan proposal. Typical needs include:
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Review of operating agreement and bylaws, update operating agreement and bylaws to provide succession planning provisions.
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Draft stock certificates, membership certificates resolutions authorizing transfer to trust, and special business provisions for trustee, price range, $200-$275 per business.
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New LLC Creation: $800 extra drafting charge, + $127 filing fee charged by the North Carolina secretary of state.
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Operating Agreement- $2,000 and up. This varies greatly depending on the business structure and terms to be contained in the operating agreement.
Irrevocable Trust Package Pricing
Irrevocable trusts come in various types, such as irrevocable life insurance trusts, charitable remainder trusts, and asset protection trusts, each designed for specific purposes like reducing estate taxes or protecting assets. The price for these trusts typically starts at $2,500, with a detailed package price provided in the estate plan proposal. To learn more, please call our office to schedule a 15-minute introductory phone call with the attorney, during which they can likely provide a cost estimate at no charge.