What is a Trust?
A trust is a container for all of your assets (house, bank accounts, life insurance, etc.) that protects your loved ones by setting rules that control how your money is spent after your death – potentially, for many years after your death – and by putting your money into the hands of a “Trustee” rather than directly in the control of your spouse or children.
Why do I need one?
If you have a spouse or young children, a Will sends your assets to them upon your death with no rules or protections. They can blow the money, make bad investment decisions, or be taken advantage of. We create a Will for you as the backup, and the Trust as the main vehicle of your estate plan. It is not true that you have to be old or wealthy to need a Trust – a young, breadwinner parent is the person whose family is most at risk without one.
What does a Trust usually cost?
The cost of a trust depends on the complexity of your family situation, the number and nature of your assets, and the time the law firm needs to put into the planning process – usually in the thousands, and occasionally, tens of thousands of dollars.
What is your Process?
You pick a signing date on the calendar below and pay the $100 deposit. Complete our online interview (you will receive an email with a link to it). Come to our office on the signing date, review your documents with Attorney Donald H. Sienkiewicz, and get your questions a answered. We do this in a workshop format, with up to six couples at a time in our conference room. Attorney Sienkiewicz will also explain how guardianship, probate, Wills and Trusts work. At the end of the workshop, you sign your Will and Trust, and we witness them so that your wishes will be honored by the courts. You take your documents home with you.
What if I want to make Changes after the Signing?
We will also give you your Will and Trust in Microsoft Word format on a CD-ROM. You can make simple changes, like adding the name of a new child, at any time.
What will you charge me?
We will charge you $750 per single parent, or $900 per married couple. You pay $100 when you sign up and the balance at the evening workshop when you have your documents witnessed.
If you would like to sign up for our traditional estate planning process, beginning with an in-person consultation with the attorney, please click on Schedule Consultation here or on the tab at the top of this page.