Quote:
Originally Posted by markg91359
My advice is talk to multiple attorneys and compare prices. I wouldn't be afraid to tell Attorney B that Attorney A offered to do it for a certain price and ask them if they can beat that price. If you are leaving behind a home you can probably afford a charge of under $2,000. Again, charges will vary depending on what you what want. If it is just a simple will it should be fairly cheap. If you are going to have 10 different bequests in that will its not a simple will and it will cost more. If you are creating both a trust and a will its going to cost more. If you want a will, trust, power of attorney, and and an advanced care directive than it may well go over $2,000.
There is a saying that "a person who represents himself has a fool for a client." (that includes preparing your own legal documents)
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one big problem with on line canned documents is a lot of what goes on in a jurisdiction is determined by current case law .
local attorneys specializing in that area tend to keep up with and know what is cropping up
some of the issues those who use canned documents in our state ,ny run in to are :
Preparing and executing a valid health care proxy provides a good illustration. The health care proxy is a document that allows an individual to appoint an agent to make health care decisions in case he/she becomes incapacitated.
The main purpose of the health care proxy is to appoint an agent. There is a presumption that the agent knows the principal’s wishes.
Nonetheless, according to New York State case law, if a principal’s wishes regarding the withholding of artificial nutrition and hydration are not articulated, an agent will not be able to make such decision.
Based on this case law, it is imperative for the principal to set forth his/her wishes regarding the administering of artificial nutrition and hydration either in the actual health care proxy or in a separate living will.
Failure to do this can result in unforeseen consequences – which is exactly what the principal was trying to avoid in the first place.
Secondly, many individuals erroneously believe that they can appoint more than one agent at a time on a health care proxy.
This would make the document faulty because only one agent at a time can make medical decisions. A person drafting a health care proxy can add language to avoid insulting other family members, but again- this requires the help of someone with experience.
Finally, the document must be witnessed by two individuals in order for it to be validly recognized. A person should not have his agent, spouse or child be a witness to the signing.
according to our attorney there even more problems in the area of powers of attorney.
The main thrust of a power of attorney is to appoint an agent to act on an individual’s behalf with respect to financial matters in case such individual becomes incapacitated.
Many people innocently refer to this document as one that is “simple” to prepare. This could not be further from the truth.
Firstly, New York State passed legislation effective September 2009 in an attempt to create a statutory form that would be uniformly accepted.
This legislation was the result of tremendous abuse that was found in this particular area, with some appointed agents taking advantage of the disabled and elderly.
The new power of attorney law results in a much lengthier document, and significantly restricts the actual power given to the agent over financial matters.
If transfers are to be made on behalf of the principal, a separate gift rider must be executed. The gift rider must specifically articulate the agent’s power to make gifts to himself/herself or to third parties.
Further, any additional powers beyond those enumerated in the statute, must be added to a modification section.
Finally, while the law mandates banks, brokerage houses and other financial institutions to recognize the power of attorney, the form utilized must be statutory.
Accordingly, if someone decides to cut corners and download a form from the internet , if the form is not statutory, it does not have to be legally recognized.
The power of attorney is an extremely important tool for estate and elder law practitioner.
If the principal incorrectly drafts and/or executes this form, his/her ultimate plans regarding Medicaid eligibility or gifting to loved ones could be completely stymied.
A last will and testament is yet another document that should prepared under the supervision of an experienced attorney.
After the person who executed the will dies (the “decedent”), the will gets admitted to probate through surrogate’s court so that the decedent’s wishes can ultimately be fulfilled.
Through the probate process, the will is reviewed and the court checks to make sure the will was drafted and executed properly.
The number of witnesses, the affidavit they sign and the way the will is fastened are some examples of what the court reviews.
Any mistakes, such as the removal of a staple or an ambiguous bequest can result in unnecessary delays, costly legal fees, and at worse, an inability to complete the probate process.
the missing verbiage pertaining to my wife’s ex husband predeceasing his parents cost us 500k.
it cost us 400k to buy out two estranged step children from a family construction business who were mentioned by name to get nothing and a 100k in legal fees .
but grandpa and grandma saved a few bucks having these documents done by a general practitioner and not an estate attorney.
so yeah , i have a lot to say about doing things ourselves because it’s cheaper
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