Living Trust CostThe cost to obtain a living trust can vary greatly. We recently wrote a blog that points out the differences between a $3,000 and a $599 living trust. The only difference is the quality of the binder you get your documents in. Many families use a local attorney to draft up their documents to protect their inheritance for their loved ones. Other families utilize reduced cost non-attorney programs. These programs are basically “do-it-yourself” programs and are generally viewed as a riskier alternative to the guidance of an attorney. Either way, both of these options can be expensive. Let’s take a closer look. Show Local AttorneysAccording to numerous sources, the average cost for a local attorney to prepare a revocable living trust can range from $1,500 to $3,000 or more. What’s interesting is how the price varies so greatly for basically the same type of documents. What’s even more interesting is that attorneys use computerized form templates to draft their customer’s legal documents, and frequently use paralegals or legal secretaries to merge and draft their client’s actual documents. Why are they so expensive then? Maybe it’s the fake leather binder many of these attorneys use to house the documents in their final form. Or, maybe attorneys just value themselves more or less. Either way, there is no rhyme or reason to the price of $1,500 or more for a living trust, but that is the average cost nationally. Non-Attorney Programs (Do-it-Yourself Services)Some organizations offer a greatly reduced price far below the cost of a local attorney, but that advertised price is not always the final price. Let’s take a look at Legal Zoom. Legal Zoom established itself as a tech company dedicated to making legal help accessible to all. However, they are basically just a non-attorney “do-it-yourself” program with no legal representation or advice provided to its customers. They advertise their do-it-yourself living trust starting at $249. $249 sounds like a good deal, but is that everything you need? Let’s take a look at the cost of a living trust for a married couple through Legal Zoom:
The final cost of a Legal Zoom notarized living trust for a married couple amounts to $904.95. That’s a far cry from the advertised price starting at $249. It’s also close to the low-end average for a local attorney to prepare. The Bottom LineThe cost of a living trust drafted by a local attorney can vary greatly and the use of “do-it-yourself” programs can be risky. When deciding upon a service to help plan your family’s future it is best to verify there are no hidden charges, the involvement of an attorney and that attorney’s experience, their Better Business Bureau rating, and customer reviews. What We OfferWe have developed a process to make it very simple and easy to obtain a new living trust or replace an old, outdated trust. Incredibly, simplifying this process drove costs down and also resulted in a very affordable price of just $599. There are no hidden fees, add-ons, or anything of that nature. And, In-home notarization and one free transfer deed are also included. That’s the price and that’s what we do.  Why are we so affordable?Well, we are structured similar to a dental plan that offers free and discounted services, but instead of getting access to a dentist, you get access to a lawyer at free and discounted rates. This is how you can obtain a living trust from an extremely experienced lawyer at a discount price of only $599. Our process is easy, affordable, and on average, you’ll receive your customized and notarized Living Trust in just three weeks’ time from completing an application. Our association was created to promote the interests and financial security of the family unit. You will enjoy a variety of discounted benefits and valuable services that have been saving Americans thousands of dollars. We expect that you will be more than pleased with the services offered. We are devoted to the principles and dependability of our benefits and seek maximum value for our members. Our programs are comprehensive, complete, and offer more flexibility than any other company in our industry. Take advantage of the tremendous services and savings available for both you and your family! To learn more about how to obtain a living trust for just $599. Click here to watch our educational webinar What is the downside of a living trust?No Asset Protection – A revocable living trust does not protect assets from the reach of creditors. Administrative Work is Needed – It takes time and effort to re-title all your assets from individual ownership over to a trust. All assets that are not formally transferred to the trust will have to go through probate.
What are the 3 types of trust?With that said, revocable trusts, irrevocable trusts, and asset protection trusts are among some of the most common types to consider. Not only that, but these trusts offer long-term benefits that can strengthen your estate plan and successfully protect your assets.
Is a trust worth the cost?A trust can be a useful estate-planning tool for lots of people. But given the expenses associated with opening one, it's probably not worth it unless you have a certain amount of assets.
How much does it cost to set up a trust in Oklahoma?How Much Does It Cost to Create a Living Trust in Oklahoma? There is no set price tag on setting up a living trust. It can range from just under $100 to more than $1,000. It all depends on how you create it and how complex your estate is.
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How much does it cost to get a living trust
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