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Jun 27, 2024
12:29
:03
pm
homegrown
All-American
I used an attorney recommended on Cougarboard and paid twice that. Granted my
situation is quite a bit more complicated and I did an irrevocable trust. I still probably overpaid but nice to have the peace of mind.
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homegrown
Previous username
pac12stickerhater
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homegrown
Joined
Sep 6, 2016
Last login
Jun 29, 2024
Total posts
4,012 (3 FO)
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Messages
Author
Time
Just got a quote from an attorney for $5k to set up our trust, or whatever
TunaOne
Jun 27, 12:12pm
I paid $500 for a will..not sure about setting up a trust
Don_Juan_El_Guapo
Jun 27, 12:13pm
Depending on the complexity, but that’s a bit high.
reagan21
Jun 27, 12:14pm
how complex are your assets? If it's all pretty straightforward, you could try
CougarTwins
Jun 27, 12:16pm
Our assets couldn't be much simpler. Nothing complex at all. One
TunaOne
Jun 27, 12:23pm
yeah, get another quote, or go the legal zoom route.
CougarTwins
Jun 27, 12:24pm
If you go the legal zoom route don’t forget to fund the trust. I can’t tell you
reagan21
Jun 27, 12:30pm
I used an attorney recommended on Cougarboard and paid twice that. Granted my
homegrown
Jun 27, 12:29pm
At what net worth/reasons/etc does it make sense to do irrevocable trust? Asking for a friend
FromCAtoUT
Jun 27, 12:34pm
It depends. There are 1000 different things it depends on, but some of the most
BYUMizzou
Jun 27, 12:45pm
This is a loaded question since things are set to change, but anything more than
TPcoug
Jun 27, 12:46pm
Actually for an IRREVOCABLE trust, the threshold is lower - about $14 million
BYUMizzou
Jun 27, 1:32pm
What state?
RealTaysomHill
Jun 27, 12:38pm
What state are you in? Do you have minor children? You might not even need a
BYUMizzou
Jun 27, 12:39pm
Utah. No minor children or dependents.
TunaOne
Jun 27, 12:42pm
In Utah (as of 2018), you can now do a transfer on death (TOD) deed for your
BYUMizzou
Jun 27, 1:08pm
Deed on deaths are not always a good deal. For instance, NV law allows for them, but no one uses them because it often
vegasnative
Jun 27, 1:39pm
That's why I said it depends on your state. Here in Missouri they're used
BYUMizzou
Jun 27, 1:45pm
Paid around half that a year ago, I think.
Soupie
Jun 27, 12:41pm
Seems a bit high. I just paid $3k for a trust, will, POA, etc. from a well
rivercitycoug
Jun 27, 12:44pm
RE: Just got a quote from an attorney for $5k to set up our trust, or whatever
Hinta
Jun 27, 12:56pm
As someone who is building a nation wide estate planning practice, I can tell you that it depends entirely where you are
vegasnative
Jun 27, 1:35pm
Just saw you are in Utah. Utah is a lower cost legal market. That seems fairly high for Utah. If you were in Chicago or
vegasnative
Jun 27, 1:40pm
I paid $1200 to do a trust years ago in Utah. A friend paid $1500 to probate
Monomachos
Jun 27, 2:17pm
Yes. That is about the starting range for a trust...depending on the state you
Thrill
Jun 27, 2:45pm
If you have more than $5 million than yes that is a normal number
BYU Grounds
Jun 27, 2:59pm
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