Living Trust Attorney

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Living trust attorney.

Typically a living trust is best suited for an individual or married couple of substantial assets. 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. Reviews on living trust attorney in torrance ca mark e swatik esq mba patinelli chang sanders montalto elder law services of california sharma kliche the law firm of kavesh minor otis law office of barbara craig stone sallus roxas law conflict resolution the probate house l c. Living trusts and estate plans.

You can use do it yourself books or software and pay around 40. If it s your trust that s you. The average cost for an attorney to create your trust ranges from 1 000 to 1 500 for an individual and 1 200 to 1 500 for a couple. Legal fees vary by location so your costs could be much higher or slightly lower.

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. The name of the person creating the trust called the grantor settlor or trustor. A revocable living trust also known as a living trust is a modern substitute for a traditional will. Many people who want to create a living trust contemplate hiring a living trust lawyer.

As long as your living trust contains these basic elements you can make your own living trust. Like a will the purpose of a living trust is to distribute your estate at death. Explore other popular professional services near you from over 7 million businesses with over 142 million reviews and opinions from yelpers. 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.

Some choose to hire an estate planning attorney to prepare their estate planning documents but this is not always necessary. 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. Hiring a living trust lawyer can cost between 1 200 to 2 000 which does not itself guarantee you top quality service. Many individuals are successful in making a living trust on their own without the use of a living trust attorney.

A professional california attorney for living trusts if you own a home or have minor children a living trust is for you. Living trust attorneys are in reality estate planning attorneys with special knowledge regarding the legal restrictions and opportunities surrounding trust creation and administration. 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.