What are the costs associated with living trusts?
The costs of living trusts can vary widely, but typically include setup fees, maintenance fees, and potential legal fees.
Can you break down the setup fees for me?
Sure! Setup fees can range from a few hundred to several thousand dollars, depending on the complexity of the trust and the attorney's rates.
Are there ongoing costs after the trust is set up?
Yes, there can be ongoing costs such as annual maintenance fees, tax preparation fees, and potential trustee fees.
Is it worth the investment?
Many find living trusts worth the investment for the benefits of avoiding probate and ensuring privacy, but it depends on individual circumstances.
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