The cost of a revocable living trust for couples with kids in Libertyville, Illinois, USA, can vary depending on several factors, including the complexity of the estate, the size of the estate, and the specific services provided by the estate planning attorney. It is difficult to provide an exact cost without knowing the specific details of the estate plan.
However, typically, the cost of a revocable living trust for a couple with kids (not including power of attorney for healthcare, power of attorney for property, HIPAA Waiver, Living Will, and other estate planning documents typically included in the estate planning packages) can range from $3,500 to $8,500. This price may include the drafting of a trust agreement, funding the trust, and other related estate planning services.
It is important to note that some estate planning attorneys may charge a flat fee for their services, while others may charge an hourly rate. It is best to consult with multiple attorneys and obtain quotes to determine the average cost of a revocable living trust in Libertyville, Illinois, USA, and to compare their services and experience before selecting an attorney to assist with your estate planning needs.
It is also worth noting that while the cost of a revocable living trust may seem high, the benefits of having a properly drafted and funded trust can far outweigh the costs in terms of avoiding probate, protecting assets, and providing for loved ones in the event of incapacity or death.
Always consult with an estate planning professional in your area. Your estate plan and trust should be tailored specifically to you and your situation. You do not want cookie cutter documents, you want a professional who will take the time to get to know you and learn your goals for your family. If you are located near Libertyville, IL and are looking for help with your estate planning, please contact us. We are here to guide you whether you are starting from scratch with your estate planning, or have an existing plan that you need updated.