Services
Wills
Wills allow you to name guardians for minor children and designate beneficiaries, ensuring that your assets are distributed according to your wishes after your passing. Will-based estate plans are often a good fit for those with a modest number of assets. While a will-based plan requires that your loved ones go through probate, it provides clear instructions to help streamline the process and safeguard your legacy. All will-based estate plans include powers of attorney and healthcare directives to protect your financial and medical decisions if you become incapacitated.
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Will
Financial Power of Attorney
Health Care Power of Attorney
Living Will/End of Life Care Wishes
HIPAA Release
Final Disposition Instructions
Instructions for Disposition of Personal Property
Fiduciary letters, to those named in the Plan
Asset Inventory & Recommendations on how to Title Assets to Avoid Probate
Family Wealth Passages Interview
Complimentary 3-year plan review
Trusts
Trusts provide you with greater control, flexibility, and privacy when it comes to managing and distributing your assets after you pass. Additionally, trusts help you plan for incapacity, ensuring that your financial affairs continue to be handled according to your wishes without the need for court intervention. The center piece of a trust-based estate plan is a revocable living trust. A revocable living trust is a legal entity that holds and manages your assets during your lifetime, allowing for the smooth transfer of assets to your loved ones, without the delays and costs of probate. Revocable living trusts can be structured to help minimize estate taxes, protect assets for future generations, and provide for loved ones in a structured way, ensuring your legacy is preserved according to your wishes. Trust-based plans are often the best option for many clients, including those with minor children. All trust-based plans also include a pour-over-will, powers of attorney, and healthcare directives to cover all aspects of your financial and medical decisions.
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Revocable Trust
Certification of Trust
Pour-Over-Will
Financial Power of Attorney
Health Care Power of Attorney
Living Will/End of Life Care Wishes
HIPAA Release
Kids Protection Plan, including Temporary Guardian Nominations (if applicable)
Final Disposition Instructions
Instructions for Disposition of Personal Property
Fiduciary letters, to those named in the Plan
Assignment of Personal Property into Trust
Transfer of Personal Residence into Trust
Update to Homeowner’s Tax Exemption
Asset Inventory
Custom Tailored Trust Funding Instructions & One-on-One Assistance with Asset Transfers
Family Wealth Passages Interview
Complimentary 3-year plan review
Kids Protection Planning
If you are a parent with minor children, nominating permanent legal guardians is an essential piece of your estate plan. However, in reality, it often isn’t enough to ensure your child remains in the care of people you choose, know, love, and trust if something happens to you. At Sarah Lien Law, Sarah takes a holistic approach to protecting your children, addressing the potential pitfalls of leaving your kids with caregivers, excluding unwanted individuals from guardianship, and providing a system for you to outline your unique desires for their well-being. This comprehensive approach ensures that your children remain in the care of trusted individuals who understand and respect your values. Learn more.
Amendments & Restatements
It is important that your estate planning documents keep up with your life, and often it is necessary to modify or update the terms of an existing will or trust to ensure that it continues to align with your specific goals and objectives. An amendment makes small, specific changes to a trust or will, while leaving the rest of the document unchanged. A restatement, on the other hand, essentially replaces the entire document with a new version that reflects all the desired changes. Both can be can be useful tools when there are life changes– such as marriage, divorce, the birth of children, or changes in financial circumstances– that require updates to your original estate planning documents. For existing clients, Sarah Lien Law, PLLC charges by the hour to make minor amendments to existing estate plans. For significant changes, where a restatement is necessary, the fee schedule applicable to new wills and trusts is applied.
Additional Services
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For clients who need to form an LLC, the following will be prepared: Operating Agreement & Membership Certificates, Tax ID Number (EIN), registration of the LLC with the Idaho Secretary of State, and resources for how to comply with the “Corporate Transparency Act.”
Pricing varies by complexity, but starts at $2,500.
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Flat fee plans include 4 meetings – the Family Wealth Planning Session, a 1-hour Online Document Review, the Signing Meeting, and the Family Wealth Passages Meeting. Occasionally some clients, particularly those with more complex estates, request an additional meeting. Those meetings are charged at an hourly rate of $400/hr.
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Flat fee trust plans include the transfer of a personal residence into your Trust. For clients that own more than one piece of real property in Idaho, a $500 per additional transfer is assessed.
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Clients who own real property in states outside of Idaho need to hire an out-of-state attorney to transfer these properties into their Trust. A charge of $500 per state, to assist clients with locating an out-of-state attorney and coordinating the transfer process, will be assessed. The client is responsible for all fees charged by the out-of-state attorney.
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From time to time, clients need legal advice related to matters outside the estate planning services outlined above. Provided the matter is within Sarah’s area of expertise, this type of work is generally charged at an hourly rate of $400/hour. If the matter is not within Sarah’s area of expertise, she is happy to refer you to an attorney who can assist you.