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Reply to "Cost of Estate Planning"
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[quote=Anonymous]Let’s say you live in MoCo and have a house appraised at over $1M. Not too out of the realm of possibility. If you don’t have a trust, we can agree that probate might not be super complicated if everything else has beneficiary designations. But if that $1M house goes through probate, the court cost would be $2000 alone, with about $250 in fees for the legal notice and bond on top of that. So not using a trust would carry, at a minimum, a $2250 cost. Figure that into the analysis when comparing the cost of using a will vs using a trust.[/quote]
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