FREQUENTLY ASKED QUESTIONS

It's not unusual for people to have questions. In order to assist you, I've compiled a list of frequently asked questions followed by a brief answer. Feel free to contact me if you would like clarification or more information.

 

How much will this cost?

My fees are based on the solutions I provide. My services begin with a free consultation. After the initial consultation, I will provide a letter detailing the solutions I recommend and an estimated fee. Should you agree to proceed, I ask for a deposit, with the balance due upon delivery of the documents.

 

Do I have enough to justify estate planning?

Yes. Every adult, regardless of their net worth, needs some form of estate planning. While the value and description of your assets will play a role in what solutions I recommend, every person needs to have powers of attorney in the event they become disabled, and a will in the event they pass away.

 

How often should I review my Estate Plan?

Generally, every five years. However, if you have a significant change in your family or financial situation, or if there are significant changes in tax or property law, I would recommend a review.

 

What is a will?

A will is the most well-known, yet often misunderstood, estate planning tool. The purpose of a will is to give the testator (the person executing the will) the ability to make five important decisions. More detailed information is available on my Estate Planning page.

 

Do wills help you avoid probate?

No, nor do wills help in the event of your disability. The provisions and powers authorized in a will do not take effect until the testator's death.

 

What is a revocable trust?

Often called a "living" trust, a revocable trust is the most flexible way to own property and is commonly used to avoid probate in the event of death or disability. More information is available on my Estate Planning page.

 

How Do I Get Started?

To set up a free consultation, please call me at 708.990.5374 or submit the contact form. I am happy to meet at whatever time and place is mutually convenient.