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Wills

Each person should have a will. A written will ensures that your assets will pass to your heirs or chosen beneficiaries according to your wishes. If you have minor children, a will is essential to designate a guardian for your children.  Proper estate planning can also save your loved ones undue hassle and expense during probate, or bypass the probate system altogether with the use of a trust.

Equally important are the “living will” and power of attorney directives. Having the proper documents drafted and executed in advance can give one the peace of mind that their wishes will be honored in the event of incapacity. Our will packages offers Directive to Physicians, Statutory Durable Power of Attorney and Medical Power of Attorney.  A Directive to Physicians, also known as a living will, gives you the power to choose the type of end-of-life medical treatment you desire. A Statutory Durable Power of Attorney allows an appointed person to make a wide variety of business and financial decisions for you should you become incapacitated, and a Medical Power of Attorney appoints someone to make medical decisions should you become unable to do so.

At the request of our satisfied Immigration clients, Patnaik Law Office also offers the following estate planning services:

ESTATE PLANNING PRICE LIST

  • Wills for married couple (nuclear family)                — $600 (total cost for both spouses)
  • Will and testementary trust for single person           — $400
  • Wills with bypass trust provisions                          — $1,500 (total cost for both spouses)
  • Inter vivos “living” trust with pour-over wills           — $2,000 (total cost for both spouses)
  • Inter vivos “living” trust with bypass trust provisions and pour-over wills — $2,500 (total cost for both spouses)

Does not include tax planning or assignment of assets to fund the trust.  These services are available at an additional hourly rate.

ALL OF THE ABOVE ESTATE PACKAGES ALSO INCLUDE THE FOLLOWING:

  • A statutory durable power of attorney for property.
  • A medical power of attorney.
  • A directive to physicians and family or surrogates (a “living will”).
  • A declaration of guardian if the need later arises.
  • A declaration of guardian for minor children.
  • A HIPAA (medical information) authorization.
  • A funeral directive.
  • Instructions on coordinating non-probate assets like life insurance and retirement plans with the rest of the estate plan