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
Most estate planning work is done on a flat fee basis. The fees quotes are based on an initial meeting ($150 consultation fee), drafting documents based on meeting and decisions made at that time, a review of the documents, minor redrafting, and a follow-up meeting to execute the documents is included in the flat fee quote. The fees include copies of the finalized documents as requested.
Significant redrafting, or additional meetings to finalize documents will be charged on an hourly basis.
|Will, power of attorney, health care directive and living will||$ 750|
|Revocable Trust, Pour-over will, POA and HCD w LW, one deed to trust (if needed), certificates of trust and funding instructions||$1850|
|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.|
|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|
|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|
|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.
"In October 2009, my fiancé (and future wife) and I wanted to have estate documents prepared. Upon the recommendation of friends, we contacted an elder law firm in Sarasota, FL. We were assigned to Teresa K. Bowman, an estate planning and elder law attorney. Over the course of several months, she helped us to develop and refine our documents to our exact specifications and requirements, with our complete satisfaction. During the next few years, various modifications to our documents were required, and she helped us to implement these changes, always with absolute professionalism and precision, and with a warm, friendly manner. Incidentally, Teresa Bowman, serving in the role of Justice of the Peace, presided over our wedding ceremony in May, 2010. It was the first wedding ceremony she had ever performed, so we trust that it is just as memorable an event for her as it was for us. In 2014, when Teresa Bowman established her own Estate Planning and Elder Law practice, we, of course, transferred our accounts to her new firm. She has since implemented additional modifications to our estate documents, with the same high level of service that we have come to expect and appreciate. We would have absolutely no reservations in recommending Teresa Bowman and her firm to anyone who has need of the services she renders." - Robert G. and Judith L. Hores