Families in East Longmeadow, Framingham, Natick, and Tolland, MA, often ask how much it costs to set up a trust. The answer depends on several factors.
Average Cost Of A Trust
A basic revocable living trust in Massachusetts typically ranges from $5,000 to $7,500.
More complex trusts — such as special needs trusts or Medicaid planning trusts — can cost $7,500 or more.
Factors That Affect Price Of A Trust
Complexity of your family situation.
Value and type of assets (for example, multiple properties in Northampton and Southwick).
Whether you want additional documents such as health care proxies and durable powers of attorney.
Why The Price Of A Will Is Worth It
The cost of setting up a trust is often far less than the cost of probate or the financial impact of losing assets to long-term care expenses.
Bottom line: Trusts can be an investment in peace of mind, whether you live in Eastern Massachusetts, Central Massachusetts, the Pioneer Valley, MA or Vermont.