Living Trust Attorney

Like a will the purpose of a living trust is to distribute your estate at death.

Living trust attorney.

Typically a living trust is best suited for an individual or married couple of substantial assets. Explore other popular professional services near you from over 7 million businesses with over 142 million reviews and opinions from yelpers. Find the best trust attorneys near you on yelp see all trust attorneys open now. If it s your trust that s you.

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. Living trust attorneys are in reality estate planning attorneys with special knowledge regarding the legal restrictions and opportunities surrounding trust creation and administration. You can use do it yourself books or software and pay around 40. As long as your living trust contains these basic elements you can make your own living trust.

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. Many people who want to create a living trust contemplate hiring a living trust lawyer. 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. To draft a standard living trust which is what most attorneys offer you start with a lot of legal boilerplate off the shelf legal language and add the following information.

A revocable living trust also known as a living trust is a modern substitute for a traditional will. Living trusts and estate plans. Many individuals are successful in making a living trust on their own without the use of a living trust attorney. Your attorney will also need to supervise the signing execution of all the documents to be sure they are done correctly.

The name of the person creating the trust called the grantor settlor or trustor. Hiring a living trust lawyer can cost between 1 200 to 2 000 which does not itself guarantee you top quality service. 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. A professional california attorney for living trusts if you own a home or have minor children a living trust is for you.

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. Legal fees vary by location so your costs could be much higher or slightly lower. 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.