The Law Offices of Jeffrey G. Marsocci, PLLC understands the value of a good estate plan, especially for Seniors who may not have a fortune but who care about where those assets go. Therefore through September 30, 2010, we will be offering Simple Will packages for individuals and couples over 65 at a discounted rate of $239 for an individual or $439 for a couple. (Simple Will Packages are also available for people 18-64 but at a price of $300 for an individual or $550 for a couple.) The documents will include:
- A Last Will and Testament
- A Healthcare Power of Attorney
- A Durable General Power of Attorney
- A Nomination of Conservator Form
- A Living Will
A Simple Will Package is for people 18 or older who have a spouse or partner and want to leave everything to that spouse or partner. If they have children together, then everything goes to those children equally (or if deceased to their descendants) if both pass on; or if no children, then they wish for property to go equally to siblings or nieces and nephews. If it is a single or divorced individual, then everything goes to any children equally (or if deceased to their descendants); or if no children, then for property to go equally to siblings or nieces and nephews. (Please call if you have questions on these terms.)
In order to qualify for a Simple Will Package, the person:
- Must not want anything beyond a simple testamentary trust that distributes property to beneficiaries at a single specified age (usually at least 25)
- Must not have a combined potential taxable estate in excess of $1 million (unless they are willing to sign a waiver)
- Must not have any beneficiaries with special needs
The Simple Will Package does not name more than one person to be an executor at any given time (in other words, no “co-executors”), it does not avoid probate like a living trust, and it does not have complicated distribution scenarios. For many clients, that may be all that is necessary.
In order to provide these documents in a cost effective manner, forms are provided for download by clicking on Simple Will Estate Planning Questionnaire. The main decisions to be made are choosing executors, guardians for minor children, healthcare agents, and ages of inheritance. Once the forms are filled out, please return them to our office by fax to 919-844-7995 or by e-mail to [email protected].