How much does it typically cost to set up a living trust?
Jan Meriss Alfonso Assistant at Parklin Law Whether you are considering creating a living trust or just want to make sure your current estate plan will be effective in the event of your untimely death, you will want to know how much it will cost. The cost of a living trust will vary depending on your state and the complexity of your plan. Consult a lawyer Using a lawyer to create a trust can cost anywhere from a few hundred dollars to several thousand dollars. The price can vary based on how complicated the plan is, the property involved, and where you live. In addition to the cost of hiring an attorney, you may also have to pay for updates or appraisals of your assets. Some estate planning lawyers will lower their fees for a simple plan. Setting up a living trust A living trust is a legal document that specifies who will receive your assets in the event of your death. You can also set up a living trust as an alternative to a will. Using a living trust will also help y...