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New York Living trust - WILL THE USE OF A LIVING TRUST INSTEAD OF A WILL SAVE Legal FEES


The Legal fee for representing an estate would most likely be the same, whether the assets pass in trust or by will. The only Legal costs saved by using a Living Trust are the costs incurred in a Probate proceeding. However, the costs of probating a simple, un contested will are often minimal. In addition, one must consider the extra Legal fees that can be entailed in drafting a Living Trust as opposed to a will, and the additional Legal fees entailed in funding the trust.
 
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