Services
Services We Provide
Yardley Estate Planning, LLC is a law firm dedicated
exclusively to Estate Planning. Our services include planning
for and addressing legacy, inheritance, and tax issues; and
drafting Wills, Trusts, Living Wills, Powers of Attorney,
Irrevocable Life Insurance Trusts and other Estate Planning
tools and documents.
While many of our clients are also clients of our other firm,
Yardley Wealth Management, LLC, you do not need to be a
client of both companies. Our Estate Planning services are
available to Pennsylvania and New Jersey residents.
The Estate Planning Process
The first step is to call or e-mail us to set up an introductory
appointment. There is no charge for the first appointment
and you are not obligated to proceed with us after it. The
appointment is for us to get to know each other a little; for
us to learn about your situation; and for us to determine
what Estate Planning you need done and to come up with a
course of action.
When you call to schedule the first appointment, we will
send you a questionnaire to complete and send back prior to
our meeting. We will review it and let you know if you
need to bring anything to the meeting such as copies of
existing Wills, Trusts, Powers of Attorney, Gift Tax
Returns, Income Tax Returns, or Life Insurance policies.
At the end of the first meeting, we will tell you what you
need and will quote you a price for it. We will follow that
up with two copies of an engagement letter which spells out
exactly what we will be doing for you and the price for
those services.
We ask that you sign one copy and send it back in with a
deposit for one-half of the fee. The other copy of the
engagement letter is for your records.
When we receive your signed engagement letter and deposit
check we will create draft copies of your estate planning
documents, i.e. Will, Advanced Directive, Durable Power of
Attorney, and send them to you for your review. (This is to
make sure that the documents still follow your wishes.
Sometimes seeing something on paper makes it a little more
real, and people decide to make changes at that point.) It
usually takes one to two weeks from the receipt of your
signed engagement letter for us to create and send your
drafts.
When you receive your drafts, we ask that you schedule the
next appointment to come in to the office to go over them
with us. If everything looks good, you can sign them in the
office in front of a notary and two witnesses. We will then
tell you what you need to do with the documents now that
you have them.
Documents and Costs
Most people need a Will and an Advanced Directive for
Healthcare which includes a Living Will and the naming of
an Agent or Proxy to make healthcare decisions for you in
the event you are unable to. Many people choose to create
a Durable Power of Attorney to give a loved one or family
member the ability to make financial decisions on their
behalf. For the vast majority of Americans, these are all of
the necessary documents.
For most people, the cost for all of these documents is $750
per person, or $1,250 per couple. It can get more
expensive depending upon your situation, or if you make
drastic changes as to how you want to proceed and it
requires re-drafting your documents.
The next most popular document is the Irrevocable Life
Insurance Trust (ILIT) which can be an important and
necessary tool for those who carry a lot of life insurance
and the amount puts them near or over the Federal Estate
Tax exemption amount, which is currently $3,500,000.
The face amount of life insurance you own on your own
life is includible along with your other assets for estate tax
purposes. Gifting it to a trust you set up can remove it from
your estate. The costs for these run $1,250 to $2,500 each,
again depending upon your situation.
Yardley Estate Planning, LLC is a law firm dedicated
exclusively to Estate Planning. Our services include planning
for and addressing legacy, inheritance, and tax issues; and
drafting Wills, Trusts, Living Wills, Powers of Attorney,
Irrevocable Life Insurance Trusts and other Estate Planning
tools and documents.
While many of our clients are also clients of our other firm,
Yardley Wealth Management, LLC, you do not need to be a
client of both companies. Our Estate Planning services are
available to Pennsylvania and New Jersey residents.
The Estate Planning Process
The first step is to call or e-mail us to set up an introductory
appointment. There is no charge for the first appointment
and you are not obligated to proceed with us after it. The
appointment is for us to get to know each other a little; for
us to learn about your situation; and for us to determine
what Estate Planning you need done and to come up with a
course of action.
When you call to schedule the first appointment, we will
send you a questionnaire to complete and send back prior to
our meeting. We will review it and let you know if you
need to bring anything to the meeting such as copies of
existing Wills, Trusts, Powers of Attorney, Gift Tax
Returns, Income Tax Returns, or Life Insurance policies.
At the end of the first meeting, we will tell you what you
need and will quote you a price for it. We will follow that
up with two copies of an engagement letter which spells out
exactly what we will be doing for you and the price for
those services.
We ask that you sign one copy and send it back in with a
deposit for one-half of the fee. The other copy of the
engagement letter is for your records.
When we receive your signed engagement letter and deposit
check we will create draft copies of your estate planning
documents, i.e. Will, Advanced Directive, Durable Power of
Attorney, and send them to you for your review. (This is to
make sure that the documents still follow your wishes.
Sometimes seeing something on paper makes it a little more
real, and people decide to make changes at that point.) It
usually takes one to two weeks from the receipt of your
signed engagement letter for us to create and send your
drafts.
When you receive your drafts, we ask that you schedule the
next appointment to come in to the office to go over them
with us. If everything looks good, you can sign them in the
office in front of a notary and two witnesses. We will then
tell you what you need to do with the documents now that
you have them.
Documents and Costs
Most people need a Will and an Advanced Directive for
Healthcare which includes a Living Will and the naming of
an Agent or Proxy to make healthcare decisions for you in
the event you are unable to. Many people choose to create
a Durable Power of Attorney to give a loved one or family
member the ability to make financial decisions on their
behalf. For the vast majority of Americans, these are all of
the necessary documents.
For most people, the cost for all of these documents is $750
per person, or $1,250 per couple. It can get more
expensive depending upon your situation, or if you make
drastic changes as to how you want to proceed and it
requires re-drafting your documents.
The next most popular document is the Irrevocable Life
Insurance Trust (ILIT) which can be an important and
necessary tool for those who carry a lot of life insurance
and the amount puts them near or over the Federal Estate
Tax exemption amount, which is currently $3,500,000.
The face amount of life insurance you own on your own
life is includible along with your other assets for estate tax
purposes. Gifting it to a trust you set up can remove it from
your estate. The costs for these run $1,250 to $2,500 each,
again depending upon your situation.
Yardley Estate Planning, LLC
| Yardley Estate Planning, LLC 41 University Drive, Suite 400 Newtown, PA 18940 Phone (267) 573-1019 Toll free (877) 251-4393 Fax (267) 604-9164 mgarry@yardleyestate.net www.yardleyestate.net |
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