Trusts

Advantages of using a trust to pass assets of an estate on to heirs are numerous; a trust may avoid probate completely. There may be tax advantages. It may be quicker or cheaper. It may be more private since probate has to be newspaper published. It may be helpful when an heir is a child, or is disabled, or has a wild hair. All trusts have to have a trustee. When a trust begins while a person is alive, it is called a living trust. If the trust is part of a Will and begins when a person dies, it is called a testamentary trust.

This attorney charges $850 for most trusts. However, most trusts need companion documents to go with it, such as a will, deed or bill of sale, which may have added charges.