Living Trust Attorney

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Living trust attorney.

As long as your living trust contains these basic elements you can make your own living trust. Living trust attorneys are in reality estate planning attorneys with special knowledge regarding the legal restrictions and opportunities surrounding trust creation and administration. A living trust can resolve some of the most common family conflicts that may arise in the inheritance arena says santa monica calif attorney jeff condon. Hiring a living trust lawyer can cost between 1 200 to 2 000 which does not itself guarantee you top quality service.

However if you cut someone out of your living trust as a beneficiary he or she can challenge the trust just as a will can be challenged who are the trustees. The name of the person creating the trust called the grantor settlor or trustor. Legal fees vary by location so your costs could be much higher or slightly lower. Some choose to hire an estate planning attorney to prepare their estate planning documents but this is not always necessary.

Explore other popular professional services near you from over 7 million businesses with over 142 million reviews and opinions from yelpers. Your attorney will also need to supervise the signing execution of all the documents to be sure they are done correctly. 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. Typically a living trust is best suited for an individual or married couple of substantial assets.

Living trusts and estate plans. Like a will the purpose of a living trust is to distribute your estate at death. A revocable living trust also known as a living trust is a modern substitute for a traditional will. A living trust attorney can help you decide whether a living trust is the correct estate planning strategy for you or whether an alternative may be better suited.

In comparison attorney s fees for drafting a will are much lower generally 200 to 400 for an individual and 300 to 500 for a couple. Many people who want to create a living trust contemplate hiring a living trust lawyer. If it s your trust that s you. You can use do it yourself books or software and pay around 40.

Find the best trust attorneys near you on yelp see all trust attorneys open now. If you are willing to invest some time using a high quality do it yourself product you could create just as good a trust yourself. Many individuals are successful in making a living trust on their own without the use of a living trust attorney.