Q:

What is the cost for drawing up a living trust?

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Quick Answer

The cost of drawing up a trust depends on whether the trust maker writes his own trust, which can cost from $30 to $60, or if he has a lawyer do it, which can cost from $1,200 to $2,000. It's best that a lawyer look over a drawn up trust.

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Full Answer

If an individual decides to draw up his own trust, doing so with a book can cost roughly $30 and doing it online can cost about $60. A person willing to put in the proper amount of time and effort into drawing up his trust can create one that's just as good as the one he would receive if he were to have a lawyer do it for him.

The cost of drawing up a trust online can include 24-hour online access to the document and unlimited revisions to the trust for a year. Technical support as well as telephone and online customer support may also be included with the cost of creating a trust online.

It's best to hire a lawyer to draw up a trust if there are any out-of-the-ordinary circumstances surrounding the individual's estate. A trust should always be created by a trustworthy and reputable lawyer who specializes in estate planning.

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