What are the costs associated with setting up a revocable trust?
An example of an AI chatbot conversation about the costs of revocable trusts.
What are the costs associated with setting up a revocable trust?
The costs can vary widely, but typically include attorney fees, filing fees, and possibly ongoing management fees.
Can you give me a rough estimate of attorney fees?
Attorney fees for setting up a revocable trust usually range from $1,000 to $3,000, depending on complexity.
Are there any additional costs I should be aware of?
Yes, you might also encounter costs for transferring assets into the trust, which can include appraisal fees and title transfer fees.
Is it worth the investment?
Many find it worthwhile for the control and flexibility it offers in estate planning, but it depends on individual circumstances.
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