LoMonaco Law – Estate Planning Attorneys
Estate Planning - The Process
Step 1
Schedule and attend a free 30-minute initial consultation with one of our attorneys to discuss your specific needs and concerns. Appointments can be in person in our office or done via phone call or zoom. Please schedule your appointment here:
Step 2
Decide which option makes the most sense for your family and budget and gather the information requested from the initial consult. Here is a link to questions you will be asked by one of our attorneys:
Step 3
Within 2-3 weeks of you sending the requested information from the initial consult, one of the attorneys at LoMonaco Law will draft your initial documents and email them to you for review. Please review the documents and email our attorneys back with any questions, concerns, or changes.
Step 4
Once you are happy with your final documents, schedule your signing appointment. You may schedule your appointment online, via email or by calling the office. You will need to come in person to our office in Vernon Hills to sign. We will make copies and send you home with the originals as well.
Step 2
Decide which option makes the most sense for your family and budget and gather the information requested from the initial consult. Here is a link to questions you will be asked by one of our attorneys:
Step 3
Within 2-3 weeks of you sending the requested information from the initial consult, one of the attorneys at LoMonaco Law will draft your initial documents and email them to you for review. Please review the documents and email our attorneys back with any questions, concerns, or changes.
Step 4
Once you are happy with your final documents, schedule your signing appointment. You may schedule your appointment online, via email or by calling the office. You will need to come in person to our office in Vernon Hills to sign. We will make copies and send you home with the originals as well.
Step 5
After you sign your documents you will be responsible for changing all beneficiaries on your accounts if needed. We will tell you which accounts need to be changed and how they need to be titled- but this is a very important step and must be done to complete your estate plan.
Pricing
Revocable Trust Package (net worth under $8,000,000): Includes a Revocable Trust, Pour-over Will, Power of Attorney for Healthcare and one Illinois Quit Claim Deed. For additional properties, Quit Claim Deeds are $150 plus recording fees.
- Couple: $3,000
- Individual: $2,000
Will Package (net worth under $250,000): Includes a simple Will and Power of Attorney for Healthcare.
- Couple: $1,000
- Individual: $750
Irrevocable Trust Packages (net worth over $8,000,000): Includes custom Trusts such as Life Insurance Trusts, Real Estate / Land Trusts, and Irrevocable / Revocable Trust combinations.
- Time is billed hourly at $300.00 per hour. Typical fees range from $5,000-$7,500 depending on client needs.
Miscellaneous
- Powers of Attorney (Durable/ Property and Healthcare): $150 each.
- Transfer on Death Instrument: $250 + filing fee charged by the county.
- Quit Claim Deeds: $150 + filing fees charged by the county
- Will updates / amendments (codicils): $300 per hour and typically take 1-2 hours to complete.
- Trust updates/ amendments: $300 per hour and typically take 2-3 hours to complete.