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plan most estate planning lawyers implement.
You should strive to reproduce helping them in
the same exact manner as if you were alive and
able to help them. These triggers can increase
incrementally too.
Most of the time, when people ask about the
cost, they’re talking about the initial cost of
creation and not the total costs associated with
the decision. From an initial cost of creation
standpoint, if you are committed to doing a
simple will, you should expect to pay between
$1,000 and $3,500. If you want to avoid the
probate costs and do a revocable living trust,
you should expect to pay $2,750 at a
reasonable minimum, and that is just for
lump-sum distributions. Be extremely careful
about spending less than the fees mentioned
above as it could be an indication that the
person performing the services is not well
qualified, or is more interested in collecting
attorney fees in probate. If you want to
incorporate some of the values-based triggering
events or a more holistic method of enhancing
the lives of your loved ones in your revocable
trust (as opposed to a cold transfer of assets),
you should expect to pay twice as much or
more.
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