Teresa K. Bowman, P.A—List of fees and rates
Most of our work is done on a flat fee basis. Some work will be done on an hourly basis dependent upon the work at hand and the complexities of the matter. When you retain our firm to work on your behalf you will be informed at that time if your work is going to be completed on an hourly or flat fee basis. In some cases there may be initial flat fee charges but follow up work may be charged on an hourly basis. Again, all rates and fees will be disclosed upfront.
Hourly rates are as follows:
Teresa K. Bowman, Esq.—$350 per hour
Paula Rowland, Legal Assistant and Public Benefits Specialist—$145.00 per hour
Christopher Bowman, Estate Planning Legal Assistant—$85.00 per hour
Administrative Assistant—$45.00 per hour
Estate Planning Fees
Most estate planning work is done on a flat fee basis. The fees quotes are based on an initial meeting ($150 consultation fee), drafting documents based on meeting and decisions made at that time, a review of the documents, minor redrafting, and a follow-up meeting to execute the documents is included in the flat fee quote. The fees include copies of the finalized documents as requested.
Significant redrafting, or additional meetings to finalize documents will be charged on an hourly basis.
| Single Person | |
|---|---|
| Will, power of attorney, health care directive and living will | $ 750 |
| Revocable Trust, Pour-over will, POA and HCD w LW, one deed to trust (if needed), certificates of trust and funding instructions | $1850 |
| Married Couple | |
| Wills, powers of attorney, health care directives and living wills | $1550 |
| Revocable Trust, Pour over will, POA and HCD w LW, one deed to trust (if needed), certificates of trust and funding instructions | $2750 |
| Wills or Trusts that include Special Needs Trusts will increase the package rates by $500-$1000 dependent upon type of trust and complexity of drafting. | |
Probate and Trust Administration
| Summary Administration for assets of less than $75,000/ no known creditors | $1500 or hourly whichever is higher |
| Summary Administration for transfer of homestead property/ no known creditors | " |
| Formal Probate- assets over $75,000 | $5000 and up – dependent upon complexity of estate and amount of assets |
| Trust Administration | Statutory Rates |
Long Term Care Planning
| Initial consultation with written follow up | $295 on all matters involving long term care planning, asset preservation or special needs planning |
| Medicaid Eligibility for single person | $6000 and up dependent upon options |
| Medicaid Eligibility for married couple | $7000 and up dependent upon options Medicaid fees include updating of all estate planning documents for both applicant (if possible) and spouse |
| Irrevocable Trusts | $2000 and up dependent upon complexity of drafting |
| Special Needs Trusts | $1500 and up dependent upon circumstances and reporting requirements to state agencies (if needed) |
| Personal Services Contracts/Family Agreements | $1000 – $1500 dependent upon circumstances and complexity |
Deeds
| Deed to Trust | Once included with Trust Package, others $250 each plus recording fees |
| Deed to convey property without title search | $250 plus recording fees |
| Life Estate Deed | $500 plus recording fees |
| Enhanced Life Estate Deed | $950 plus recording fees |
I do not charge for home visits to meet with clients or execute documents unless the travel time is over one half (1/2) hour one way.
These fees are representative of the fees normally charged in matters. However, all fees are subject to the specific facts of your situation, and sometimes the quoted fee will change if the circumstances or facts change during planning. All changes will be discussed and agreed to in writing.
