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Updated almost 3 years ago,
Living Trust - Use Attorney vs DIY
I recently met with an estate planning attorney and talked about setting up a living trust and a will. The attorney would obviously help guide us through the process and help us change the title of our 5 properties into the trust and provide ongoing support in the future, etc... She told us the cost would be about $4000. I don't mind paying that much if this is what will make things easy for my family after I'm gone, however...
I have also read some things online about being able to setup a trust with some basic software and self-education for less than a couple hundred dollars. And then, presumably, the other main cost would just be recording fees to transfer titles into the trust.
Is DIYing a foolish idea and if so, why?
Is the attorney option worth $4000, or does that seem high?
(I'm 30 and married, in case that's relevant. So hopefully we have a long time to plan, but would love to sort all of this out sooner rather than later.)