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Trusts & Estates Law

Cost to Create a Living Trust

The cost of a revocable living trust depends on how valuable and complicated the assets are, how many assets must be transferred to the trust itself , and whether additional tax planning is needed.

If you set your trust up so that you are the trustee the costs are less than appointing another as trustee.  If you do not plan to serve as trustee, you should consider any fees you might have to pay the trustee to administer the trust.

A standard revocable living trust package should include the trust document, the transfer of assets to the trust, a “pour-over” will to add any other assets (not already included in the trust) to the trust, a durable power of attorney, and a health care directive.  More complicated trusts have digital asset assignments, a living will, or guardianship documents.