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How much does it cost to set up 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
Published: Mar 30, 2023
Updated: Oct 14, 2022
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