Chat Legal Pty Ltd ABN 64 621 391 553

Will and Enduring Power of Attorney

$1,750 (GST inclusive) - Single

$2,500 (GST inclusive) - Couple (with the same intentions and no ex-spouses)

$3,500 (GST inclusive) - Couple (with different intentions or ex-spouses)

What's included?

• All initial correspondence required to understand (big picture) your circumstances.
• An initial estate planning meeting (unlimited length but usually 1-2 hours) to discuss your estate planning objectives.
• Preparation of your Will (including testamentary trusts (if appropriate) at no additional cost) and enduring power of attorney document.
• Provision of a template memo of directions (being a non-legal document to provide your friends and family with guidance in assisting with the administration of your affairs).
• Holistic estate planning advice summarising key tasks in a written to-do list.
• Undertaking of up to two Queensland property searches (additional property searches will incur an additional fee).
• Estate planning advice in relation to your retail/industry superannuation fund.
• A second estate planning meeting (unlimited length but usually 1 hour in length) to discuss your draft estate planning documents and make amendments (if necessary).

Complimentary Services

• A signing meeting (usually 30 minutes in length) to assist you with signing and witnessing your estate planning documents.
• Assisting you with taking an electornic copy of the signed estate planning documents and providing you with a link to download the electronic copy (link expires after a month).
• Assisting you with binding the signed estate planning documents and returning the bound documents to you with information on 'how to store your documents' (as well as when you may be required to update your documents).

Meeting availability

We offer meetings during or after office hours and such meetings may either be:

• in-person (at a place convenient for you within 20km of Brisbane CBD or at our office); or
• online on a platform such as Microsoft Teams.

We offer meetings outside of standard office hours and while such meetings will ordinarily be online only, we will let you know if we are able to accommodate such meetings in-person.

Invoicing

You will not receive an invoice if a formal fixed price letter has not been sent and accepted.

Once accepted, the fixed price will be invoiced as follows:

• If the second meeting is organised within 2 weeks from the initial meeting - the invoice will be issued following the second meeting.
• If the second meeting is not organised within 2 weeks of the initial meeting:
  • 70% of the fixed price quote is issued on provision of draft documents; and
  • 30% of the fixed price quote is issued following the second meeting.

Succession advice in relation to Trusts and Companies

Add $450 (GST inclusive) for each trust you have to the above base price

Add $450 (GST inclusive) for each non-trustee company you have to the above base price

Add $150 (GST inclusive) for each trustee company you have to the above base price

What's included?

• Review of trust/company governing rules in relation to what happens to control on death or loss of capacity.
• Succession planning advice in relation to who takes control of the trust/company.
• For companies: Undertaking a company statement search and inclusion of specific gifts in your Will (if required).
• For trusts: Preparation of a trust succession document or inclusion of specific gifts in your Will (if required and no variation needed to the governing rules).

If you have a trust with a company as trustee, this will be treated as two entities as the estate planning issues above must be considered for both the trust and company.

If you have multiple entities and are able to provide us with a copy of the governing rules for each entity prior to our fixed price letter being provided, we can provide a discount if any efficiencies exist upon our initial review.

Succession advice in relation to Self-Managed Superannuation Fund

Add $750 (GST inclusive) for each single member self-managed superannuation fund to the above base price

Add $1,350 (GST inclusive) for each multi member self-managed superannuation fund to the above base price

What's included?

• Review of self-managed superannuation fund governing rules.
• Succession planning advice in relation to the control and benefit of superannuation benefits in a self-managed superannuation fund.
• Preparation of binding death benefit nominations forms (if necessary).

Additional Work and Prices

Fixed price available once work required is known.

When may additional fees be required?

While we seek to provide you with certainty in our fees, depending on your circumstances, additional documents may be required to ensure your estate planning intentions are met. Where applicable, a fixed price quote will be provided in relation to the preparation of such additional documents.

In such circumstances, we will explain to you during our meeting the options available and whether or not the additional work is strictly required.

Circumstances where additional documents or advice may be required could include:

• When restructuring personal and/or jointly held assets are required to achieve your estate planning objectives. For example: severing a joint tenancy to tenants in common.
• When restructuring trust and/or company structures are required to achieve your estate planning objectives. For example: mandating a decision-making process to include independent directors in a company.
• When reviewing/preparing business and investment succession documents with unrelated parties. For example: preparing a shareholders agreement so that surviving business partners are not forced into business with a deceased business partner's spouse and family.
• The need to prepare documents to mitigate any potential Will challenges. For example: the drafting of statutory declarations or restructuring of assets (per above examples).
• The need to obtain estate planning and tax advice for assets owned overseas.
• The need to consider potential tax planning and asset protection objectives. For example: the implementation of a gift and loan back arrangement.