Unfortunately, there isn’t a set rule regarding the fees attorneys can charge for establishing living trusts. The basis for the fees charged for setting up your living trust should be the complexity of your estate.
Usually, the larger an estate is, the more complicated it will be. The larger and more complicated your estate is, the more research and discussion of the particular issues in the preparation of your trust is needed. Therefore more time is required. After your living trust is set up, there could be considerably more work involved in funding it. Some of that work can be done by your attorney if you so desire.
Just as with other work, the advice is the same:
· Obtain an Estimate ahead of time;
· Seek a second opinion and second estimate; and
· Understand what you are going to be paying for.
As the saying goes – ‘knowledge is power’, you should understand how the legal fees are being determined. Typically, attorney fees are figured on the basis of the amount of time spent on your case. » Read more: Attorney Fees for Living Trusts
