The truth is a living trust may not solve all your problems but may be one piece of your estate planning toolbox.
Living will and trust attorney.
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One of the most significant drawbacks to hiring an attorney is the cost of retaining an estate planning attorney or firm to prepare your living trust.
Living trusts are often portrayed as the ultimate estate planning tool and something everyone needs.
If you are interested in creating a living trust a great first step is to do a little research to familiarize yourself with the basics.
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.
If you hire an attorney to create your living trust she will likely create the trust as part of a comprehensive estate plan.
There are no court or attorney fees after the trust is established.
Living trusts and estate plans.
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.
Unlike a will a living trust passes property outside of probate court.
To fully achieve all necessary protections you.
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.