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Diy "Family trust"

Old 02-01-2015, 06:39 AM
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Default Diy "Family trust"

Anybody have one ?

Easy Diy ?

any attorneys here offer this service ?
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Old 02-01-2015, 06:50 AM
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My attorney drew up our family trust and living will for my wife and I. Total cost was under $400, thinking probably under $300.
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Old 02-01-2015, 06:52 AM
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Not something I would do DIY, you really should use an attorney who specializes in Estates and Trusts. There are things you might never consider without that help.
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Old 02-01-2015, 06:52 AM
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bad idea
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Old 02-01-2015, 07:53 AM
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If the cost is under $500 I'd make sure it was done right with a lawyer. You may want to look up tax lawyers as well as estate attorneys.
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Old 02-01-2015, 08:02 AM
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If you have enough to worry about a trust, go see a professional and start a long term relationship.

They need to know your goals and needs. They will also be there when changes need to be made (births, divorces, deaths, adoptions)
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Old 02-01-2015, 08:06 AM
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Bad idea. I paid a flat fee 500 for mine and easily spent close to 2 hrs talking to him. If your assets are over a mill it can get complicated.
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Old 02-01-2015, 08:09 AM
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It cost me 3k for a revocable family trust & will (2014). I spoke with more than one firm before I ultimately went with a friends recommendation. All of the estimates I got were similar. $500 seems very low. My guess is if you already lawyer on retainer it would be less.

I will say that 3k seems like a fkn ripoff (I hate Lawyers) but I do have some confidence in the work.
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Old 02-01-2015, 10:13 AM
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It all depends on what you need to protect with the trust? If it's a single asset or something simple $500 may be a decent price but if it involves multiple assets or anything complex I would get a few estimates to make sure it's done right.

I had a NFA trust put together last year and it ran me $600 and worth every penny.
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Old 02-01-2015, 10:15 AM
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The trust I use for some of my firearms was typed up by myself using a free template some guy emailed me. It serves it's purpose.
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Old 02-01-2015, 11:17 AM
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This is what I want to do .

Can you send me a copy ?


Originally Posted by bigdave0924 View Post
The trust I use for some of my firearms was typed up by myself using a free template some guy emailed me. It serves it's purpose.
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Old 02-01-2015, 11:32 AM
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Originally Posted by ProppedUp View Post
You just have to cover all your bases.

I wrote my gun trust at a bar on a napkin while drinking and my buddy was smoking a cigarette.

A lcohol
T obacco
F irearms

should be happy right? We included everything
it's all fun and games till your doing a nickel at the state pen as Bubba's bitch because you saved a few hundred.
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Old 02-01-2015, 11:38 AM
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Let me guess,.....sig brace and now you have a sbr?
This is who did my nfa trust:
http://www.firearmestateservices.com
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Old 02-01-2015, 12:07 PM
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Like I said it depends on your assets and net worth. A living trust will cost more. If you don't mind about the tax implications for your beneficiaries then by all means wright what ya got on a napkin and have it notorized.
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Old 02-01-2015, 12:16 PM
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Guess it depends ~~ If your lawyer knows you and much of your real estate more than about $700 for a revocable living trust is ridiculous unless the estate goes into SEVERAL million and more than a few properties. Location means a lot too ~~ that NY lawyer is going to cost more than one in NC.
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Old 02-01-2015, 03:28 PM
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Lawyer up...go ahead and put your class III on it while your at it....
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Old 02-01-2015, 05:23 PM
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Originally Posted by Tommysmicroskiff View Post
This is what I want to do . Can you send me a copy ?
I'm away from my computer for the week but when I get home I'll send it to you. PM me your email address.
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Old 02-01-2015, 08:14 PM
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Originally Posted by GH02050 View Post
It cost me 3k for a revocable family trust & will (2014). I spoke with more than one firm before I ultimately went with a friends recommendation. All of the estimates I got were similar. $500 seems very low. My guess is if you already lawyer on retainer it would be less.

I will say that 3k seems like a fkn ripoff (I hate Lawyers) but I do have some confidence in the work.
In the midst of precisely the same thing. Quote was 3k as above. Probably will be higher.(but these things always seem to be)

It's worth it. I don't do my own dentistry, or home painting. I can do both but the results are not acceptable.
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