What is the cost of living trust vs will?
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Let’s break down the cost of a living trust vs a will.
|Living Trust||$50 - $350||$1,000 - $3,000||$5,000+|
|Will||~$50||$750 - $1,500||$1,500+|
Here is how much a living trust costs based on the complexity of your living trust:
This fee typically includes:
Let’s say your estate is complex, requiring unique provisions or tax planning.
Setting up a living trust like this costs can go up to $5,000 or more.
Read More: How Much Does A Living Trust Cost?
The cost of making a will with a lawyer is $750 – $1,500.
Your estate planning lawyer will:
Here is who would need a living trust instead of a will:
Here are other questions our clients ask us about this topic.
It costs up to $1,500 to make a will and power of attorney.
Here are several factors that play into this cost:
No, you don’t need a lawyer to make a will.
But, a lawyer can ensure it’s legally valid and reflects your wishes.
If your estate is simple, online templates or software might suffice.
But for complex situations, an estate planning lawyer’s expertise is beneficial.
Mistakes in a will can cause disputes or complications.
Most places allow handwritten or typed wills.
It should clearly state your wishes and list your assets and beneficiaries.
You usually need to sign it at the end.
Most wills also require two witnesses who watch you sign.
They must also sign the will.
Notarization isn’t always mandatory, but it can make the will “self-proving”.
A “self-proving” will can speed up the probate process.
Yes, you can set up a trust without an attorney.
Here’s a simple guide:
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At The Hive Law, we understand the importance of:
We only accommodate a limited number of clients each month.
So don’t miss your opportunity to work with our trust fund lawyers.
Benefits of our trust services:
Avoid the pitfalls of inadequate estate planning strategies: