Idaho Living Trusts

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Commonly Asked Questions about Idaho Living Trusts

Does a trust have to go through probate in Idaho?

In Idaho, you can make a living trust to avoid probate for virtually any asset you ownreal estate, bank accounts, vehicles, and so on. You need to create a trust document (its similar to a will), naming someone to take over as trustee after your death (called a successor trustee).

What is the difference between a living will and a living trust in Idaho?

While a will outlines how you would like your property and assets distributed after your death, a trust allows you to name a beneficiary or beneficiaries and then holds the money or property on their behalf until it is time to distribute it.

How much does it cost to set up a trust in Idaho?

Your complete Family Trust package prepared by Peters Patchin Monaghan will cost just $2,195 for an unmarried person or $2,595 for a married couple. It will include all of the following: Family Trust Agreement.

What is the benefit of a living trust in Idaho?

When you set up a living trust to transfer your property to your loved ones after your death, you can potentially save them time, hassle, and money. Property left through a will (rather than a living trust) might be tied up for months or even years in probate court, and could involve court costs and lawyers fees.