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How much does it cost to set up a living trust in Florida? A typical cost for an attorney to prepare a revocable living trust in Florida is between $2,000 and $3,000, depending on the attorneys experience.
To make a living trust in Florida, you: Choose whether to make an individual or shared trust. Decide what property to include in the trust. Choose a successor trustee.
If your main goal is to avoid probate court, so long as you have assets that will not pass through probate then you will not need a trust. However, if you have assets that will pass through probate, the a Florida revocable living trust will be a good idea.
Drawbacks of a living trust The most docHub disadvantages of trusts include costs of set and administration. Trusts have a complex structure and intricate formation and termination procedures. The trustor hands over control of their assets to trustees.
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