Estate Planning
At Learned Lawyer PLLC, we aim to provide our clients maximum peace of mind. Thus, we believe our pricing should be transparent and clear. For estate planning, we charge flat, all-inclusive fees for most clients, so that you can know what your estate plan will cost even before your first meeting. If you aren't sure which plan best suits you, we will help you make that determination before any work begins.
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Cost: $1,225 single/$1,400 couple
About: This package includes advice and recommendations from attorney Scott Learned, and will result in the creation of custom Wills, Living Wills and Healthcare Powers of Attorney, and Financial Powers of Attorney.
Pros:
Designates someone to wrap up your affairs after death
Designates who will inherit your property
Provides guidance to family about end-of-life wishes
Appoints loved ones to act on your behalf for medical and financial decisions
Cons:
Requires loved ones to go through the probate court process
Does not protect children who are not ready to inherit whether due to disability, age, addiction issues, or other concerns
Can result in your inheritance being squandered or allowing a loved one to engage in self-destructive behaviors like the "lottery winner" syndrome
Provides little protection in the event of a period of disability
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Cost: $2,200 single/$2,425 couple
About: This package is similar to Package 1, except it leaves your property in trust to your beneficiaries, rather than an outright gift. Thus, you get to control when and how your children inherit from you, even in the event of your death. This protects the inheritance from beneficiaries who would not be ready to receive that inheritance for some reason. However, this plan still requires the use of the probate process
Pros:
Designates someone to wrap up your affairs after death
Designates who will inherit your property
Provides guidance to family about end-of-life wishes
Appoints loved ones to act on your behalf for medical and financial decisions
Provides protections for children who are not ready to receive an inheritance due to age, immaturity, addiction concerns, or other issues
Cons:
Requires loved ones to go through the probate court process
Provides little protection in the event of a period of disability
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Cost: $2,675 single/$3000 couple
About: This package includes everything contained in Package 1, plus a custom-designed Revocable Living Trust and (if you have minor kids) a Temporary Guardianship Agreement. The package includes all advice and drafting costs, as well as funding assistance with your primary residence and other non-real estate assets, including bank, brokerage, and retirement accounts.
Pros: In addition to the benefits of Package 1:
Avoids the probate court process, saving thousands in court costs and fees
Provides protections for children who are not ready to receive an inheritance due to age, immaturity, addiction concerns, or other issues
Helps provide guidance to loved ones to make intelligent decisions with their inheritance
Provides protection for you in the event you become mentally disabled without the need for court intervention
Cons:
Cannot address complicated family structures, like some blended families
Not suited for families of significant wealth
Not suited for families with complicated assets, such as small business owners
Not suited for families with complicated distribution plans, such as plans involving multiple sub-trusts
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Cost: starting at $3,675 single/$4,300 couple
About: This package includes everything contained in Package 3, plus any additional advanced estate planning documents. Examples include Irrevocable Life Insurance Trusts, Special Needs Trusts, Qualified Personal Residence Trusts, Buy-Sell Agreements, Family Limited Partnership, and Family LLCs. In addition, this package includes advanced revocable living trust planning to address the unique needs - and potential for conflict - inherent in some blended families. Finally, this package can address complicated distribution plans, or advanced tax planning needs.
Probate, Trust Administration and Single Member LLCs
At Learned Lawyer PLLC, we aim to provide our clients maximum peace of mind. Thus, we believe our pricing should be transparent and clear. For probate, we charge flat, all-inclusive fees for most clients, so that you can know what your probate fees will cost even before you file with the court. For Probate Avoidance Deeds and Single Member LLCs, we also charge a flat, all-inclusive fee. For Trust Administration, will charge an hourly fee, so cost will vary.
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Cost: Starting from $3,000
About: Navigating the probate process can feel complex and overwhelming, especially during a difficult time. At Learned Lawyer, we provide compassionate and experienced probate guidance tailored to Idaho probate law requirements. From preparing and filing court documents to managing potential creditors, distributing assets to beneficiaries, and ensuring compliance with legal deadlines, our team handles the details so you don’t have to.
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Cost: Varies
Managing a trust requires attention to detail and a thorough understanding of fiduciary duties. We assist trustees with every aspect of trust administration, including interpreting trust documents, maintaining compliance with Idaho regulations, managing and distributing trust assets, and resolving any disputes that may arise. With our help, you can confidently fulfill your responsibilities while minimizing stress and uncertainty.
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Cost: $240
For some couples, it may be possible to avoid probate at the first spouse's death using a specialized deed for your real property.
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Cost: $550
For clients with businesses, including rental properties, we will establish a single-member LLC as part of an estate planning package. This fee includes your registration fee to the Idaho Secretary of State. We can also establish multi-member LLCs if needed - the charge depends on the complexity.