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Updated almost 3 years ago,

User Stats

35
Posts
30
Votes
Taylor White
  • Rental Property Investor
  • Fort Worth, TX
30
Votes |
35
Posts

Living Trust - Use Attorney vs DIY

Taylor White
  • Rental Property Investor
  • Fort Worth, TX
Posted

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.)

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