Living Trust Attorney

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 attorney.

A revocable living trust also known as a living trust is a modern substitute for a traditional will. As long as your living trust contains these basic elements you can make your own living trust. 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.

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 professional california attorney for living trusts if you own a home or have minor children a living trust is for you. Hiring a living trust lawyer can cost between 1 200 to 2 000 which does not itself guarantee you top quality service. Explore other popular professional services near you from over 7 million businesses with over 142 million reviews and opinions from yelpers.

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

Typically a living trust is best suited for an individual or married couple of substantial assets. Living trust attorneys are in reality estate planning attorneys with special knowledge regarding the legal restrictions and opportunities surrounding trust creation and administration. If it s your trust that s you. 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 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. 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. Find the best trust attorneys near you on yelp see all trust attorneys open now. Living trusts and estate plans.

Legal fees vary by location so your costs could be much higher or slightly lower. Many individuals are successful in making a living trust on their own without the use of a living trust attorney. You can use do it yourself books or software and pay around 40.