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Reply to "Is $5 - $7K to have a will drafted and trust established reasonable? "
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[quote=Anonymous]I am in the process of setting up a new will and living trust following a divorce. I have young kids and a decent but by no means complex set of assets - life insurance, home, savings, and retirement - that my kids would inherit. But I'm not rich and we're not talking multiple properties or yachts or anything beyond ensuring that my kids are taken care of in the event I die while they are young, have money for college, and something to get them started in young adulthood. I got a quote from an attorney that the total for drafting a will and establishing a trust would be $5 - 7K. That is much higher than I expected, but is that what this typically costs? My current will and trust were drafted about 10 years ago, but through a corporate legal program, so I only paid a tiny amount for that. Welcome any guidance. Thank you! [/quote]
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