At most firms an average living will and trust cost is $2,000 to $2,500. At IBC, we can usually provide this service for less than that. Average cost of a will is $400 to $500 and set up of a trust is commonly $2,000. Again, at IBC trust costs are usually well below this. A trust will help you avoid probate and as you can see below, probate can get very expensive.
The attorney’s fees for settling your estate could easily reach $10,000 (the average cost of probate). Now the total cost of settling your estate if you just have a will isn’t $400—it’s a whopping $10,400.
As stated above, the average living will and trust cost is about $2,000 to $2,500 to set up, but there’s no probate. A trust eliminates the total cost of probate and that potential $10,000 probate fee. Your successor trustee has the right to distribute your property according to the plan described in your trust. No Court or Attorneys Required With A Trust after death.
We would love to talk with you. Please contact our Law Firm directly and we will be happy to offer you a complimentary phone consultation.