Achieve Family Security with Living Trust California Magic
Costs and Considerations
While the benefits of a Living Trust are clear, it's important to consider the costs. Setting up a Living Trust in California typically involves legal fees, which can range from $1,500 to $3,000 depending on the complexity of your estate and the attorney's rates4. However, this initial investment can be offset by the savings in probate costs and the peace of mind knowing your estate is in order.
It's also crucial to ensure that all your assets are properly transferred into the trust. Failing to do so can result in those assets still going through probate. Regularly reviewing and updating your trust as your financial situation changes is also essential to maintain its effectiveness.