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These are only estimates; legal fees vary based on the attorney and the circumstances.
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Once the deed is changed, it should be recorded with the registrar of deeds, and is subject to the same fees as any real estate transaction. You can check with your local registrar of deeds for your state’s fees associated with a deed transfer.
Whether or not you choose to hire an attorney to draft your living trust, you will be responsible for the expense of titling assets to the trust.
A living trust is a legal entity that holds title to and manages assets for an intended beneficiary.
A living trust is distinguishable from other trusts in that you, as the grantor, can make changes to the trust or revoke it entirely during your lifetime.
Estate planning is about ensuring that your property goes to your designated beneficiaries as quickly as possible, while at the same time minimizing any estate taxes.
To achieve these goals, you may need to use several different types of legal devices.As a result, trusts with family members as beneficiaries are becoming a popular tool in estate planning.These trusts can ensure that your heirs receive the assets you want them to but in a way that protects the overall value of the property.Living trusts are most often used as part of a comprehensive estate plan that can include wills, powers of attorney and health care directives.You should find out exactly what is included in the attorney's fee prior to agreeing to any proposal.This article is reprinted from my friend and asset protection attorney Jacob Stein of Kleuger & Stein, LLP.