Most of the work completed by the firm is charged on a flat fee basis. All fees are discussed with the client and agreed upon before any work is begun.
Most estate planning work is done on a flat fee basis. The fees quotes are based on drafting documents, minor redrafting as needed, and a follow-up meeting to execute the documents. The fees include copies of the finalized documents as requested and we will provide PDF copies by secure email as well.
Significant redrafting, or additional meetings to finalize documents could incur additional charges.
|Will, power of attorney, health care directive and living will||$950|
|Revocable Trust, Pour-over will, POA and HCD w LW, certificates of trust and funding instructions||$1950|
|Wills, powers of attorney, health care directives and living wills||$1750|
|Revocable Trust, Pour-over wills, POA and HCD w LW, one deed to trust (if needed), certificates of trust and funding instructions||$2950|
Wills or Trusts that include Special Needs Trusts, trusts for minors, or spendthrift 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||Statutory Rates|
|Trust Administration||Statutory Rates|
The most complex area of my practice involves advising clients on government benefits such as SSI, Medicaid, and Veteran’s benefits. Significant time is spent with the client and advice is tailored to each set of unique circumstances.
|Medicaid Eligibility||$7000 and up dependent upon options
Medicaid fees include updating of all estate planning documents as needed
|Irrevocable Trusts||$2500 and up dependent upon complexity of drafting|
|Special Needs Trusts||$1850 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|
All consultations are followed up with an opinion letter dependent on the area of law outlining options, solutions and a suggested plan of action.
|Out of office – no additional charge unless travel time exceeds 1 hour round trip|
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 (go up or go down) if the circumstances or facts warrant. All changes will be discussed and agreed to in writing.
|Attorney hourly rate:||$375.00 per hour on matter billed hourly|
"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