Living Trust Attorney Cost

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Living trust attorney cost.

Estates and trust attorneys typically charge clients in one of three ways. 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. Your attorney will also need to supervise the signing execution of all the documents to be sure they are done correctly. 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.

Flat fee of 399 to complete your living trust forms with online phone support. Hourly fee flat fee or contingency fee. 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.

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. Answer simple questions online and a member of our team will call you to go over your forms. The cost of preparing a living trust is primarily a factor of an attorney s time. On average the cost can range from 20 preparing your own trust to several thousand dollars involving an attorney.

When estate planning lawyers charge hourly fees. 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. In addition to the attorney s regular fees you should expect to be billed for miscellaneous disbursements. If you are working with an attorney charging an average of 400 per hour your trust will run closer to 4 000.

Many of the lawyers in our study reported a range of hourly fees with minimum and maximum rates that averaged 250 and 310 respectively. In fact two thirds of our readers who paid for a package without a living trust paid less than 1 000. Hourly fees for estate planning attorneys. 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.

Some estimates say that it should take about 10 hours of billable attorney time to have a living trust prepared that. Here is what you should know about the fees your estate or trust attorney may charge. 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.