My mom and I recently went to see an elder care attorney because mom wanted to update her will, make me her POA, and set up a living will. Mom also asked about protecting assets and what was the best advice if she ever needed a nursing home (e.g. her pension would be too much, what to do, property owned, etc). Mom is 73, severly visually impaired and not in too good health (not critical but trouble getting around, arthritis, etc).
After getting all the other paperwork in order and setting up an appointment to sign documents, the attorney told mom that she can begin the process of transferring assets, etc. to protect herself from the nursing home taking everything and the fee is approx. $8,000 broken down in two installments.
This seems to be a very excessive legal fee to me. The will, POA and living will prices were in range but the other fees seem over the top. Is this a normal fee for this type of attorney speciality?
Also, while we were there, my husband and I asked about a will for us since we have an eight year old child. We were told it would run around $800 for everything and she also indicated that we would need to indicate who would receive custody of our child should something happen to us. Outside of my mom, there is no one. She sat back in disbelief saying we had to name someone and just couldn't believe we had no one in mind (I guess besides my mom). My FIL is pushing 90 and is in a nursing home dying, my dad is dead, my MIL is dead and I am an only child. My husband has a sister he never met and two brothers about as old as my parents who have either been in prison or have severe mental problems. His nieces and nephews are pretty much the same way. I have a couple of cousins but last saw/talk to them at any length at my dad's funeral about 7 years ago.
So, has anyone else been in this situation where the only person you would trust with your minor child is an elderly parent? I honestly think by the attorney's reaction, she will not accept us listing mom. Our family is so estranged or sorry that I wouldn't want our daughter with some of them (who would be after her inheritance or would abuse her). I'm at a loss of what to do on both fronts with this attorney and wonder if we should visit with another lawyer.