What Is the Cost to Establish a Trust in Florida?

The cost of setting up a trust in Florida will vary depending on the complexity of the trust and the assets that need to be transferred into it. Generally speaking, most trusts cost between $1,000 and $3,000 to set up.

A trust is a legal arrangement in which property (such as money or property) is held by one party for the benefit of another. A trustee holds legal title to the property for the benefit of the beneficiaries.

The cost of establishing a trust varies depending on a number of factors, including but not limited to:

• Whether or not an attorney is involved in drafting and reviewing documents;

• How many trustees are appointed;

• Whether or not an accountant is needed