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Do-it-yourself books ease living trust preparation costs

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

DEAR BOB: You often recommend the importance of revocable living trusts to avoid probate. Is there any way to prepare a living trust without having to hire an expensive lawyer? Also, if I have a living trust, do I need a will? – Sylvia S. DEAR SYLVIA: Yes, you can prepare your own living trust using pre-printed forms. There are several excellent living trust books available in bookstores that contain do-it-yourself forms. Purchase Bob Bruss reports online. However, most people are not able to follow through and prepare their own living trust to avoid probate. The reason is everyone's situation is different. The printed forms usually won't exactly cover your situation. Depending on where you live, attorneys who specialize in living trusts will correctly prepare your living trust for less than $1,000 or at the most $2,500 if you have a complicated situation. Be sure the living trust legal service includes deeding your real estate into your living trust. This is the big mistak...