What Is Included in the Will Plan
The Hive Law’s will plan includes three documents that work together. A will alone does not cover the time before death, when you may be alive but unable to make decisions. These three documents close that gap.
Last Will and Testament. Names who receives your assets when you die, names a guardian for minor children, and names an executor to handle probate. Without a will, Georgia law decides who inherits, and that may not match what you want.
Financial Power of Attorney. Names someone you trust to manage your money if you cannot manage it yourself. Without it, your family may have to ask a Georgia probate court to appoint a conservator before anyone can manage your money. That court process takes time and costs money.
Advance Healthcare Directive. Tells doctors what life-sustaining treatment you want, or do not want, if you cannot speak for yourself. In Georgia, this one form took the place of the older living will. It also names a healthcare agent to make medical decisions for you.
What the Plan Costs
One person: $1,800 flat fee
Couple: $2,200 flat fee (both spouses, all three documents each)
Both prices include all three documents and a call where Melissa walks through every document with you before you sign.
Will vs. Revocable Trust — Which One Do You Need?
A will and a revocable trust solve different problems. Knowing the difference tells you which one fits.
A will goes through probate. A trust does not. Every asset that passes under a will goes through Georgia’s probate court.
Georgia probate costs an average of $14,700 in attorney and court fees for a simple estate. It takes 13 months on average.
A revocable trust keeps the assets held in the trust out of probate.
A will is a fit when:
- You do not own a home or other real estate
- Your main goal is to name a guardian for your minor children
- You plan to set up a trust later
A trust is a better fit when:
- You own a home or other real estate in Georgia
- You want your family to avoid probate and what it costs
- You want what you leave to pass without a court case
The Hive Law’s revocable trust package costs $3,500. It includes the trust, a pour-over will, the deed for your home, a financial power of attorney, a healthcare directive, and a HIPAA form.
What a Will Cannot Do
Most people think a will does more than it does. These are the limits that matter.
A will does not avoid probate. This is the most common mistake. A will is a set of instructions. Georgia’s probate court has to accept it before anyone can act on it. The fees, the wait, and the court steps apply no matter how detailed the will is.
A will does not control assets that have a named beneficiary. Life insurance with a named beneficiary passes outside the will. A retirement account with a named beneficiary follows its beneficiary form, not the will. A payable on death account goes to the person named on it. A will cannot change that. Most retirement plans from a private employer have one more rule. Federal law puts a living spouse first unless the spouse signed a waiver.
A will does not cover a time when you cannot make your own decisions. A will takes effect only at death. If illness or injury leaves you unable to decide for yourself, your will gives no one the power to manage your money or make medical choices. That is what the power of attorney and the healthcare directive are for.
A will does not keep your estate private. A will has to be filed with the probate court after death. That makes it part of a court file.
How Georgia Law Firms Price a Will
Georgia attorneys price wills in two ways.
Hourly billing. Some attorneys bill by the hour. The total depends on how long the work takes. Questions, changes, and extra research can all add time.
Flat fee. Some attorneys charge one set price. Ask what that price covers. A flat fee for a will may not include a power of attorney or a healthcare directive.
The Hive Law charges one flat fee of $1,800 for one person. That price covers the will, the financial power of attorney, and the advance healthcare directive. There is no hourly billing. A power of attorney on its own has a separate price. See how much a power of attorney costs in Georgia.
For every flat fee in one place, see estate planning costs in Georgia. For how the documents work together, see the Georgia estate planning guide.