IRVINE, Calif.--(EON: Enhanced Online News)--Practical Plans is now available to California residents, providing a simple, web-based estate planning solution for young families and individuals. The just-launched online tool was founded by Mark Powell, an estate planning attorney with nearly two decades of experience. Powell sought an innovative approach for clients with simple needs that often do not need the complicated plans that traditional law firms tend to create. Using a straightforward questionnaire, Practical Plans generates a legally binding living trust, reviewed by an attorney, in less than an hour.
“For years, I’ve talked about getting my estate plan in order, but dreaded the idea of having to pay hourly fees for an attorney to drag me through long discussions about the law”
“Estate planning is the only area of law that affects nearly every one of us. For most people, the goals are straightforward, and there’s no need for the complicated plans that law firms like to charge premium fees for,” said Powell, Founder and CEO, Practical Plans. “We guide our clients through the process explaining the options in everyday language to help them create plans that are appropriate for their circumstances. And, unlike other web-based services, like LegalZoom and Rocket Lawyer, every one of our clients has access to an attorney at no additional cost.”
With Practical Plans, clients can create an estate plan online that’s appropriate for their needs at a fraction of the cost of traditional face-to-face meetings with an attorney. For a flat-fee of $995, Practical Plans’ services include:
- A living trust
- Last will
- Advance health care directive
- Power of attorney
- Guardian nominations
- An easy to read explanation of your plan
- A complete plan that keeps you in control
- Paperwork to transfer one piece of California real estate to your trust
- An experienced attorney to review your plan and answer your questions
Practical Plans is ideal for young families with children that want to safeguard their assets and avoid any unnecessary legal fees or court proceedings for generations to come. It’s also convenient for same-sex couples and individuals of any age seeking simple estate plans.
“For years, I’ve talked about getting my estate plan in order, but dreaded the idea of having to pay hourly fees for an attorney to drag me through long discussions about the law,” said John Fleming, a Practical Plans client from Irvine, Calif. “Practical Plans pinpointed the issues that were relevant to me and made the decisions easy and simple.”
With Practical Plans, clients can create an estate plan from the comfort of their home or office and at their own pace, knowing that help from an attorney is only an email away. To date, through its beta testing period, Practical Plans has already helped more than 100 individuals and families create an estate plan that leads to better financial planning and family security.
Practical Plans is not appropriate for every scenario, including: blended families and business owners, for example. Individuals with assets totaling more than $5 million or couples with assets totaling more than $10 million should consult with a tax attorney when creating an estate plan who can also advise on estate tax minimization strategies.
About Practical Plans
Practical Plans is an innovative estate planning solution for people who trust that they can make the right choices following guidance from an experienced attorney. Estate planning attorney Mark Powell created Practical Plans after talking with countless families and individuals looking for an affordable way to create living trusts. Practical Plans is an affordable (flat-fee), easy-to-use, web-based questionnaire that generates a legally binding living trust, reviewed by an attorney, for California residents.