Puget Sound Wills –
Estate Planning for Married CouplesMarried Couple

All packages include a complimentary initial consultation and free updates and changes to your documents throughout your lifetime.

Package I – Two Wills

Advantages: This package is fast, easy and inexpensive. A Will distributes property according to your wishes, appoints a representative to handle your estate after you pass away and can reduce the likelihood of family disputes. A Will can also establish a trust and guardianship for your minor children.

Disadvantages: This package does not include Powers of Attorney or a Health Care Directive. This package does not protect your assets against gift and estate taxes. A Will does not avoid probate proceedings for your beneficiaries. A Will is a matter of public record and accessible to anyone after your death.

Estate Planning Package Cost: $500.00


Package 2 – Two Wills, Two Health Care Directives, Two Durable Powers of Attorney and Community Property Agreement.

Advantages: This package includes all the benefits of Package 1. In addition, a Health Care Directive ensures that medical decisions are made according to your wishes in the event of an emergency. A financial Durable Power of Attorney assures that, in the event you are incapacitated, a designated person can attend to your financial obligations. A Health Care Durable Power of Attorney assures that, in the event you are incapacitated, a designated person can attend to your medical decisions. A Community Property Agreement avoids probate proceedings upon the death of the first spouse.

Disadvantages: A Community Property Agreement does not avoid probate proceedings on the estate of the surviving spouse. A Will is a matter public record and accessible to anyone after your death.

Estate Planning Package Cost $750.00


Package 3 – Two Wills with Credit Shelter Trust, Two Health Care Directives and Two Durable Powers of Attorney.

Advantages: This package includes all the benefits of Package 2. In addition, a Credit Shelter Trust avoids estate taxes on the first $4 million of the estate.

Disadvantages: A Community Property Agreement does not avoid probate proceedings on the estate of the surviving spouse. A Will is a matter public record and accessible to anyone after your death.

Estate Planning Package Cost $1200.00


Package 4 – Living Trust Package

Includes:

  • Revocable Living Trust
  • Bill of Sale
  • Comprehensive Transfer Document
  • Mini Certificate
  • Certificate of Trustee Authority and Power
  • Last Will and Testament
  • Durable Powers of Attorney
  • Health Care Directives
  • Asset Transfer Documents
  • Real Estate Documents
  • Asset Transfer Letters

Advantages: A Revocable Living Trust entirely avoids probate proceedings, potentially saving thousands of dollars in legal fees. Your estate is handled privately, with no governmental interference. A Revocable Living Trust is not a matter of public record. The Revocable Living Trust also avoids estate taxes on the first $4 million of the estate.

Disadvantages: This package is a little more involved and the cost is higher.

Estate Planning Package Cost $1900.00