A living trust is an important piece of documentation that is needed by anyone who wishes to protect their assets and distribute them precisely. A living trust allows individuals to determine what happens to their finances and property should they become ill or otherwise unable to make decisions on their own behalf.
How can the answer be improved? How Much Does a Living Trust Cost? Assuming you decide you want a revocable living trust, how much should you expect to pay?
If you are willing to do it yourself, it will cost you about 30 for a book, or 60 to complete your living trust online. If you hire a lawyer to do the job for you, get ready to pay between 1, 200 and 2, 000.
The cost for an attorney to draft a living trust can range from 1, 000 to 1, 500 for individuals and 1, 200 to 2, 500 for married couples. These are only estimates; legal fees vary based on the attorney and the circumstances.
A trust is an estateplanning tool that can be used in addition to or instead of Cost to write a trust will. Typical costs: Having an estate planning attorney create a basic trust starts around 9001, 500, but a situation requiring a bit more evaluation and planning can run 1, 5003, 500 or more, depending on the complexity and the extent of the assets involved.
The cost of a living trust will often be 3 to 5 times more than the cost of preparing a will. In the short term, a Will would seem to be more economical. But think again.