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Is it expensive to create a Living Trust.


A basic Living Trust isn't much more complicated than a will, and you probably won't need to hire a Lawyer. With a good self-help book or software program, you can create a valid Declaration of Trust (the document that creates a trust) yourself. If you run into questions that a self-help publication doesn't answer, you may need to consult a Lawyer, but you probably won't need to turn the whole job over to an expensive expert.
 
Lawyers commonly charge upwards of $1,000 to draw up a simple trust. If you're going to hire a Lawyer to draw up your Living Trust, you might pay as much now as your heirs would have to pay for Probate after your death -- which means the trust offers no net savings.
 
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