Living Trust. Download online state specific estate planning (revocable living trust) documents. Void Probate
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For many Americans, a significant goal of Estate Planning is to avoid Probate. A Living Trust, unlike a will, offers people a fast, private, Probate-free way to transfer one's Property after death. Although a Living Trust is not a complete substitute for a will (it doesn't allow you to name a guardian for a child, for example), it is definitely a cheaper and more efficient way to transfer Property at death, especially large-ticket items such as a house, business and investments.
Assuming you decide to prepare a revocable Living Trust, how much should you expect to pay? If you are willing to do it yourself, with a self-help aid such as those offered by Nolo and other publishers, it will cost you about $30 for a book or $50 for software. If you hire a Lawyer to do the job for you, get ready to pay between $1,000 and $1,500. Non-Lawyer Living Trust companies (commonly referred to as trust mills by attorneys who hate their competition) typically come in a few hundred dollars cheaper than attorneys.
You may assume that paying $1,000 or more for the assistance of a professional means you'll receive good value -- you get what you pay for, right? Maybe not. If you are willing to invest a couple of hours of your time using a top quality self-help resource, you may end up with a better result than you would achieve with many Lawyers.
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Return to all Living Trust legal information
Legal Articles about Living Trust
Living Trust Frequently Asked Questions
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