Assisting Clients
Throughout Alaska
Serving Alaskans

Silver Level

  • Clerical or Word Processing Changes to Your Will and Living Trust. We will assist you in making certain amendments to your Will and Living Trust documents including: changing trustees, successor trustees, personal representatives or guardians; modifications to instructions or personal property memoranda; adding or deleting specific gifts; and other clerical changes that do not modify the substance of the plan or require attorney counseling or plan re-design.
  • Amendments to Ancillary Plan DocumentsWe will amend or prepare new ancillary documents, including Power of Attorney, Health Care Directive, HIPAA Authorization, Certificate of Trust and Community Property Agreement.
  • Titling Assistance and Discounted Deed Fee. We offer counseling regarding proper titling and funding of assets when contacted prior to the acquisition, sale or change in disposition of trust property, life insurance, annuities, retirement accounts, business interests, or investment accounts. This service does not include document preparation. You are asked to provide Foley & Pearson with confirmation of “funding” of assets as they are acquired or sold. Deeds will be prepared on a flat fee basis, at a cost of $250.00 per deed, plus recording costs. Deeds are prepared based on the legal description provided by you and we make no warranty or assurance as to title.
  • Asset Tracking. Foley & Pearson maintains a spreadsheet of your assets. Schedules of Assets are updated as information is provided by clients. Trust funding reviews and funding audits are performed by Foley & Pearson every third year. If you would like a review sooner, please contact us. You may provide us with updated information as changes occur in your asset situation. Please be advised that while we will advise you regarding beneficiary designations, the preparation of any needed forms is your responsibility
  • Telephone Consultations and Bank Letters. We are available by appointment for consultations with you, your CPA, financial advisor or broker, to answer questions regarding titling, plan maintenance, and plan operation. We will also provide attorney opinion letters about the terms of your trust to banks and other financial institutions when you refinance real estate held in a trust.
  • Continuing EducationWe will notify you of future estate planning workshops for you, your family, and your successor trustees regarding basic planning, advanced planning, plan maintenance and post-mortem administration.
  • Periodic newsletterYou will receive our regular newsletter with articles and information about estate and business planning, changes in the law, new ideas, Foley & Pearson news, and other topics of interest.
  • Notice of Changes in the Law. We will provide you with notification of significant changes in the law or new planning tools that may be applicable to your situation.
  • Plan Review. We will review your estate plan with you or your family whenever you want to revisit or update your plan.
  • Powers of Attorney for Adult ChildrenFor your adult children who are still in school, single and under the age of 25, we will prepare a Power of Attorney, a Health Care Directive and a HIPAA authorization. (You and your children are required to sign a waiver of conflict of interest in order for us to prepare these legal documents).
  • Post-Mortem AdministrationFoley & Pearson will represent and assist your successor trustees with the administration of your trust at your death at a fixed fee based upon your estate values. The fixed fees for probate and post-mortem administration of estates are as follows:

    Size of the Estate[i]                                          Guaranteed Fees

    0 – $500,000                                                   $10,000

    $.5 Million – $3 Million                                   $10,000 plus ½ of 1% of the estate

                                                                            over $500,000

    $3 Million +                                                     $22,500 plus ¼ of 1% of the

    estate over $3,000,000

          These fees are guaranteed for all post-mortem administration costs, expenses and legal services.  The following services are not included for the fees shown:

    • Preparation of Federal and State estate, gift and income tax returns.
    • Accounting fees or property appraisal fees.
    • Probate Court proceedings, petitions to construe will, petitions to receive allowances, petitions and hearings related to claims of creditors or heirs or devisees, and/or formal hearings to approve final accountings.
    • Services associated with litigation by creditors or by anyone who files suit to contest terms of the estate plan.
    • Legal expenses associated with winding up a business, selling a business or selling real estate.

            This agreement does not obligate your successor trustees and personal representatives to use our services for post-mortem administration or probate of your plan, but we are obligated to provide these services for the fees shown if you are participating in our Generations Maintenance Program at the time of death.

  • Excluded Services Related to Irrevocable Trusts. Legal services, advice, trust interpretation, counseling or maintenance of irrevocable trusts are not included in Generations Silver services. We recommend that clients who have irrevocable trusts be members of our Generations Gold plan.

[i]The size of the estate shall be equal to the fair market value of all assets that are subject to administration, transfer and/or retitling due to the death of the decedent, including life insurance, retirement plans, jointly titled assets, irrevocable trust transfers or any other non-probate transfers. 

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4300 B Street, Suite 400, Anchorage, AK 99503
| Phone: 907-522-2272

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