How much does a revocable living trust cost?

A revocable living trust is a popular estate planning tool that you can use to determine who will get your property when you die. ... Revocable living trusts are “living” because you make them during your lifetime. Lawyers sometimes call this “inter vivos.”

Attorney Tom Olsen: Patrice, you're on news 96.5. Go ahead.

Patrice: Yes. I'm calling from Davenport, Florida and I wanted to have a irrevocable trust for my children. I wanted to know would that eliminate probate court and how much would your law firm charge me to have it done?

Attorney Tom Olsen:  Patrice, the vast majority of people that you hear about using trusts out there, they are revocable living trust. Revocable means as long as you're alive, you are able to change it, make any changes you want to, take assets in and out of it, you're completely in charge. So Patrice, you may be talking about doing a revocable trust, not an irrevocable trust. Patrice, yes, a trust is being used to avoid probate. It is a method for avoiding probate. There's was a couple of choices to help people avoid probate, but we'd be pleased to assist you. Patrice, are you married or single person?

Patrice: I am single.

Attorney Tom Olsen: Patrice, to do a trust for you and the related documents, a pour over will, powers of attorney, living will. Hey, you're looking at typical fee of 1500 bucks, Patrice. It's not a whole lot of money.

Patrice: No, it's not. Not at all. Not at all.

Attorney Tom Olsen: It'd be worth the drive for you to come to Orlando and see us from Davenport. Patrice, we'd love to help you.

Patrice: Perfect. Perfect. I work not too far from there.

Attorney Tom Olsen: We look forward to being of service to you, Patrice.