Living Trust Attorney Cost

Using an attorney means that the trust will be completed correctly but the associated fees can greatly increase the cost of creating a living trust.

Living trust attorney cost.

When estate planning lawyers charge hourly fees. Accounting fees will vary depending on the overall value of the trust and the type of assets it holds. With that being said if you are working with an attorney who charges 250 per hour then the cost of preparing your living trust will probably be about 2 500. In fact two thirds of our readers who paid for a package without a living trust paid less than 1 000.

Here is what you should know about the fees your estate or trust attorney may charge. Your attorney will also need to supervise the signing execution of all the documents to be sure they are done correctly. Answer simple questions online and a member of our team will call you to go over your forms. Lawyers frequently bill by the hour but in estate planning it s common for a law firm to offer a flat rate to create certain documents.

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. Hourly fee flat fee or contingency fee. Some estimates say that it should take about 10 hours of billable attorney time to have a living trust prepared that. The cost of preparing a living trust is primarily a factor of an attorney s time.

There may be times when an estate planning lawyer insists on billing you by the hour for example if your situation requires ongoing legal support. If you are working with an attorney charging an average of 400 per hour your trust will run closer to 4 000. When estate lawyers bill by the hour they may charge different hourly rates depending on the client and the type of service being provided. Flat fee of 399 to complete your living trust forms with online phone support.

In addition to the attorney s regular fees you should expect to be billed for miscellaneous disbursements. Then we will enter your information into our program to generate a legally valid living trust tailored to your wishes and the laws of your state. Generally if you want an attorney to prepare a basic revocable living trust in which you transfer your house and a few items of personal property to the trust you are probably going to pay around 750 total. On average the cost can range from 20 preparing your own trust to several thousand dollars involving an attorney.

Estates and trust attorneys typically charge clients in one of three ways. A small trust based on its overall value may own 25 different stocks and bonds and this could generate more in the way of accounting fees than a larger more valuable trust that owns only a primary residence a bank account and a cd. 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.