Life Planning 450 Will Package
My Life Planning 450 Will Package ™ is designed to provide a Will for the individual, regardless of marital status. Every Will is designed for an individual's needs and unique situation. A single person, a married person, "common law married" or those in informal or non-traditional relationships, all need a Will. A well drawn Will is a "must have" and you can't afford to be without my Life Planning 450 Will Package ™.
My Life Planning 450 Will Package tm provides you with a:
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Will containing a "Sprinkle Trust"
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Memorandum of Distribution of Tangible Personal Property
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Medical Power of Attorney
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General Durable Power of Attorney
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Living Will (also known as an Advance Medical Directive).
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Counsel, Advice and Direction regarding your estate's setup and its future administration.
The price quoted is per person. $900.00 for couples
Life Planning 450 Will Package tm Cost: $450.00 USD
What's Included In My Life Planning 450 Will Package tm
1: Tailor-Made To Your Needs.
All Wills in my Life Planning 450 Will Package ™ are drawn to the client's specifications and tailor-made to their individual needs. I work with you until it's right.
2: Sprinkle Trust Included.
This Will contains within its terms a "Sprinkle Trust". The Sprinkle Trust is for the benefit of your beneficiaries who are underage (minors) or are incapacitated or disabled. Having this trust can save tens of thousands of dollars. Having this trust established through your Will avoids the need to appoint a conservator should distribution be made to a minor or incapacitated heir. Over the span of its administration a conservatorship proceeding can cost tens of thousands of dollars in legal costs, per child. See my discussion on this below.
The Sprinkle Trust can control your child's property long after he or she reaches legal age (21). By law, a conservator proceeding ends when the child reaches legal age (21). At that time ALL the money is given to your child outright free of any further restrictions or control. Giving a large sum of money to a young adult is not advisable. Controlling the funds until he or she is more responsible (say age 25) is truly wise planning. The Sprinkle Trust can also help to provide for a disabled child as well.
Your new Will can go a long way towards providing the guidance and direction your heirs and loved ones may need after you are gone. In many circumstances, My Life Planning 450 Will Package ™ is an easy, economical and an effective way to direct the transfer of your property to your beneficiaries after you die.
My Life Planning 450 Will Package ™ is ideally suited for young married couples, single parents and grandparents.
It's an extremely good VALUE!
Let's use a real life example to show you how the Sprinkle Trust can save ten of thousands of dollars and help your children as well. The savings are self-explanatory but I'll describe them to you anyway.
First a scenario WITHOUT a Sprinkle Trust:
Let's say: A young couple dies in a sudden event leaving a 1 year old son as their only heir. They had a life insurance policy worth $1,000,000.00 naming the young son as beneficiary. Neither parent had a Will containing a sprinkle trust and all estate proceeds go to the child. The relatives step in to care for the boy and they get a guardian and conservator appointed by the court. The life insurance proceeds are delivered to the conservator and the guardian takes physical custody of the child. The costs of the conservatorship are paid from the insurance proceeds: (*this is a simplistic example NOT factoring care and other costs for the child.)
$1,000,000.00 delivered to conservator on behalf of the child.
$ 5,000.00
legal fees and court costs to appoint the conservator
$ 20,000.00
conservators
annual administrative costs @ $1,000.00 per year for 20 years.
$ 25,000.00 est. total costs for
conservator* (*assumes guardian costs are included)
$ 975,000.00 distributed to child at age 21
$ 0.00 remaining in the child's hand at age 22. It was one heck of a party year. The kid is now homeless, was sleeping in his Porsche but it got repo'd. Life sucks and child is selling his body to buy drugs and survive on the streets. He has no job skills, no prospects, a criminal record, is HIV+ and addicted to meth.
Now the scenario WITH a Sprinkle Trust:
Let's say: A young couple dies in a sudden event leaving a 1 year old son as their only heir. They had a life insurance policy worth $1,000,000.00 naming their estate as beneficiary. They wisely set up in their Wills a Sprinkle Trust to control the life insurance proceeds. Their nominated guardian (grandma) steps in to take care of the boy and only she needs to be appointed by the court because the trustee (wise Uncle Jim who's a CPA) controls the assets. The life insurance proceeds are delivered through the probate proceeding to the trustee and the guardian physically takes care of the child. The costs of the guardianship are paid from the insurance proceeds: (*this is a simplistic example NOT factoring care and other costs for the child.)
$1,000,000.00 delivered to trustee for child care and welfare
$ 5,000.00
for initial set up of the guardianship
$ 5,400.00
guardian's annual administrative costs @ $300.00 per year for 18 years.
$ 10,400.00 est. total costs for
guardian*
$ 989,600.00 net
Then add in $25,000 savings from avoiding a conservatorship. This savings is invested by the trustee for 24 years growing to $35,000.00
$ 35,000.00
$1,024,600.00 distributed to child at age 25
$1,024,600.00 remaining in the child's hand at age 26. Child now has his Masters Degree and is earning a good salary. He got married and they are expecting their first child. Life's good.
Conclusion: The Life Planning 450 Will Package tm is an extremely good VALUE. At just$900.00 per couple it's a very small price to achieve better control for managing your estate. The savings you create will be a blessing to your children in more ways than you know.
Want an even better solution?. Do estate planning now and protect your family from even greater future costs. See my article on Estate Planning.
3: Memorandum of Distribution of Tangible Personal Property
All of my Wills include a
Memorandum of Distribution of Tangible Personal
Property. This allows you to give those important little things
without the further expense of amending your Will....(you don't need
to involve
the lawyer again.)
You can change the Memo as often as you want in the
comfort of your own home. The legal requirements are simple to
follow and I provide you with instructions and directions to
assist you.
4: Medical Power of Attorney
My Life Planning 450 Will Package tm includes a Medical Power of Attorney. This document allows someone to make medical decisions for you should you be unable to do so yourself. This is a very important document and no one should be without one. All of my Medical Powers of Attorney contain the latest HIPAA provisions.
Do Not Underestimate
The Need For This Document.
There is a 100% possibility that you will
need a Medical Power of Attorney during your lifetime. As you advance in age you
should expect more visits to the hospital. Each trip to
the ER or hospital exposes you to the potential
situation where you can't speak for yourself. Regardless of
age, it can happen to anyone... anywhere... and at anytime. An
accident, an elective surgery or even dental work can all bring you
within the situation where this could arise.
It WILL happen...it's
only a matter of time. Think of this...
You have to die first to avoid this
situation.
So be wise. Don't get caught by surprise and have your affairs in order before you have the need.
5: Living Will (also known as an Advance Medical Directive)
I provide a Living Will with my Life Planning 450 Package tm. This document is also known as an "Advance Medical Directive". It sets forth your directives about YOUR end of life care. It helps avoid a "Terri Schiavo" like situation and instructs your heirs and family how you want to be treated in your last moments of life.
6: General Durable Power of Attorney.
A General Durable Power of Attorney allows someone you appoint to conduct your business affairs, pay your bills and manage your assets, if you are unable to do so on your own. Although never a foolproof solution, it could avoid the need to appoint a conservator to oversee your affairs. (There are better solutions available. Call me if you have questions.)
6: Colorado Law Specific.
All Wills and all other prepared documents included in my Life Planning 450 Will tm Package are designed for Colorado residents and are in compliance with the laws of the State of Colorado.
7: Contact us for more information at:
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email: jgilbert@jeroldgilbert.com
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Call: 720-202-6958
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request information and we'll review your situation with you directly.
8:
An even easier way...GET STARTED NOW!
Send your payment via PayPal. Order either one or two Life Planning 450 Will tm Packages (one for a single or two for a couple). Provide us with your email address and then Click the Buy Now button. Once we receive your information and payment we'll send you our intake form and contact you to get started on your drafts. Its that easy!
ALSO, I still do things the old fashioned way around here.... if that's what's right for you. So don't hesitate to pick up the phone and call me to discuss your situation. We can get the process started promptly. I have been doing Wills for over 29 years and look forward to helping you get your new Will completed to your satisfaction.
720-202-6958
IMPORTANT NOTICE:
* My Life Planning 450 Will Package tm documents are best suited for non-taxable estates. They do not contain certain tax provisions providing important deductions or limitations used to reduce estate and gift taxes. Those having estates subject to (or likely to become subject to) the federal estate tax should not use my Life Planning 450 Will Package tm but should seek further legal counsel regarding estate planning. I assist clients with estate planning and welcome the opportunity to review your matter.
* My Life Planning 450 Will Package tm is available to Colorado residents only.
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Jerold R. Gilbert, Esq.
720-202-6958
jgilbert@jeroldgilbert.com
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The Firm has many convenient meeting locations throughout the Front Range (one near you). I want to make it as easy for you as possible .... help you save travel costs, childcare costs and time away from work. Call or email for details and to set up an appointment. (By Appointment Only).
"Have You Made Your Will?"
Contact Information
Jerold R. Gilbert, Esq.
9474 Tammy Lane
Parker, CO 80134
720-202-6958 office