California Living Trust Tax Secrets Revealed Today Only
Cost Considerations
Setting up a living trust typically involves higher upfront costs compared to drafting a will. The cost can range from $1,500 to $3,000, depending on the complexity of the trust and the attorney's fees4. However, the long-term savings from avoiding probate and minimizing estate taxes often outweigh these initial expenses. It's crucial to weigh these costs against the benefits and consult with a qualified estate planning attorney to determine the best approach for your situation.