You can use do it yourself books or software and pay around 40.
Living trust attorney.
A professional california attorney for living trusts if you own a home or have minor children a living trust is for you.
Living trust attorneys are in reality estate planning attorneys with special knowledge regarding the legal restrictions and opportunities surrounding trust creation and administration.
In comparison attorney s fees for drafting a will are much lower generally 200 to 400 for an individual and 300 to 500 for a couple.
Legal fees vary by location so your costs could be much higher or slightly lower.
Typically a living trust is best suited for an individual or married couple of substantial assets.
Your living trust attorney will have to draft the living trust a pour over will a living trust and probably several power of attorney documents i e property health etc.
Many individuals are successful in making a living trust on their own without the use of a living trust attorney.
Some choose to hire an estate planning attorney to prepare their estate planning documents but this is not always necessary.
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Your attorney will also need to supervise the signing execution of all the documents to be sure they are done correctly.
As long as your living trust contains these basic elements you can make your own living trust.
The name of the person creating the trust called the grantor settlor or trustor.
Hiring a living trust lawyer can cost between 1 200 to 2 000 which does not itself guarantee you top quality service.
A living trust can resolve some of the most common family conflicts that may arise in the inheritance arena says santa monica calif attorney jeff condon.
A revocable living trust also known as a living trust is a modern substitute for a traditional will.
Living trusts and estate plans.
If it s your trust that s you.
To draft a standard living trust which is what most attorneys offer you start with a lot of legal boilerplate off the shelf legal language and add the following information.
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Like a will the purpose of a living trust is to distribute your estate at death.
The average cost for an attorney to create your trust ranges from 1 000 to 1 500 for an individual and 1 200 to 1 500 for a couple.
If you are willing to invest some time using a high quality do it yourself product you could create just as good a trust yourself.
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