To fully achieve all necessary protections you.
Living will and trust attorney.
A living trust can resolve some of the most common family conflicts that may arise in the inheritance arena says santa monica calif attorney jeff condon.
One of the most significant drawbacks to hiring an attorney is the cost of retaining an estate planning attorney or firm to prepare your living trust.
In comparison attorney s fees for drafting a will are much lower generally 200 to 400 for an individual and 300 to 500 for a couple.
Living trusts and estate plans.
However if you cut someone out of your living trust as a beneficiary he or she can challenge the trust just as a will can be challenged.
Living trusts are often portrayed as the ultimate estate planning tool and something everyone needs.
If you hire an attorney to create your living trust she will likely create the trust as part of a comprehensive estate plan.
If you are interested in creating a living trust a great first step is to do a little research to familiarize yourself with the basics.
To find out what s right for you ask your attorney the following questions.
Unlike a will a living trust passes property outside of probate court.
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What property can go in a living trust.