Our Fees for Estate Planning ServicesWe accept payments by cash, check or credit card.*
Please make checks payable to Magomedov Law Group. |
These Fees are current as of January 1, 2024.
Please note that our Flat Fees for Legal Services are Subject to Change without Prior Notice. |
All estate plans are prepared personally by Magomedov Law Group based on your wishes and concerns.
- Initial Consultation is free of charge (up to 30 minutes). All subsequent consultations will be charged at our hourly rate of $395.00/hour.
- Review of Estate Plan prepared by Magomedov Law Group is free of charge.**
Some estate plans require more thought, extensive planning and additional hours, to put together. The actual fixed fee will be quoted after consultation and prospective clients’ completion of preliminary paperwork. The fixed fee is determined by:
- Planning Goals (for individual or family). Some individuals and indeed families wish to create a legacy and provide for future generation, while similarly incorporating asset protection for those future generations. The nature and extent of future planning, along with the subjective reasoning involved, will be assessed at consultation.
- Business Interests. Many prospective clients have a business interest. The type of business interest will determine the extent to which additional planning is necessary. The intentions of our clients will also dictate how such a business interest is handled with relation to future generations, or indeed existing business partners.
- Real Property Ownership. The size of our clients’ real property portfolio is assessed upon completion of our preliminary questionnaire.
- Estate size. The size of our clients’ estate is assessed upon completion of our preliminary questionnaire. Depending on the worth of our clients’ estate, certain additional planning strategies may need to be employed to ensure all interests are protected.
- Family Situation. Our clients’ family situation will be determined following consultation and preliminary paperwork completion. Families where there are minor children involved will need to incorporate different aspects of planning to ensure their minor children are provided for. Blended families may have additional concerns about ensuring all family members are being taken into consideration and will be adequately provided for. No two-family situations are the same. Magomedov Law Group utilizes thoughtful and logical planning to ensure peace of mind for all clients.
- Minor Child(ren). Any client with a minor child will need to incorporate additional planning to ensure their minor child’s welfare is bring looked after. Such planning includes making provision for custody and indeed the economic welfare of their minor child, so long as they are minors.
- Flexibility. Flexibility to accommodate for future foreseeable scenarios, such as anticipated future children (not yet born). The desire for flexibility is assessed at consultation and upon completion of preliminary paperwork.
PLANNING OPTIONS |
||
PACKAGE
PLANS |
INDIVIDUAL |
FAMILY |
Living Trust Based Plan/Restatement Trust Based Plan
Includes: - Revocable Living Trust - Pour Over Will - Durable Power of Attorney - Advance Health Care Directive - HIPAA Authorization Form - Guardianship Nomination for Minor Children - Trust Transfer Deed (with Accompanying Documents) for One Property |
$3,250.00-$5,050.00[1] |
$4,050.00-$6,550.00 |
Will Based Plan - Will - Durable Power of Attorney - Advance Health Care Directive - Guardianship Nomination for Minor Children |
$2,250.00-$3,250.00[2] |
|
STAND-ALONE
DOCUMENTS |
INDIVIDUAL |
FAMILY |
Advance Health Care Directive (Customized) |
$650.00[3] |
|
Durable Power of Attorney (Customized) |
$650.00[4] |
|
Guardianship Nomination |
$650.00[5] |
|
Will (Customized stand-alone document) |
$1,450.00-$2,650.00[6] |
|
Revocable Living Trust/Trust Restatement
(incl. Pour Over Will) |
$2,850.00-$4,550.00[7] |
$3,450.00-$5,550.00 |
Irrevocable Trust |
Call for a quote |
|
IRA Inheritance Trust(s) |
Call for a quote |
|
Special Needs Trust |
Call for a quote |
|
Charitable Remainder Trust |
Call for a quote |
|
Wealth Preservation Trust |
Call for a quote |
|
Title Holding Trust |
Call for a quote |
|
OTHER
SERVICES |
INDIVIDUAL |
FAMILY |
Review of Existing Estate Planning
Documents (If prepared by other counsel) |
$395.00/hr |
|
Amendment to a Trust |
$395.00/hr |
|
Trust Transfer Deed for Each Additional
Property(ies) |
$225.00 |
|
Preparation of Preliminary Change of
Ownership Report for Each Additional Property(ies) (for
filing of the Trust Transfer Deed) |
$75.00 |
|
Preparation of Tax Transfer Affidavit for
Each Additional Property(ies) (for filing of the
Trust Transfer Deed depending on the County) |
$75.00 |
|
[1] For unmarried couples if a
second plan prepared at the same time, a discount of 10% applies.
[2] It is
advisable to have a separate will plan for each family member. If a second plan is prepared at the same
time, a discount of 10% applies.
[3] If a second document is
prepared at the same time, a discount of 10% applies to the second document.
[4] If a second document is
prepared at the same time, a discount of 10% applies to the second document.
[5] If a
second document is prepared at the same time, a discount of 10% applies to the
second document.
[6] If a
second document is prepared at the same time, a discount of 10% applies to the
second document.
[7] If a second document is prepared at the same time, a discount of 10% applies to the second document.
** Review of Estate Plan prepared by another attorney is $395.00/hour.