How Much Does LegalZoom Charge for a Living Trust?
Creating a living trust is an important step in estate planning, as it allows individuals to manage and protect their assets during their lifetime and ensure a smooth transfer of assets to beneficiaries upon their death. LegalZoom, a popular online legal services provider, offers a range of services, including living trust creation. However, many people are curious about the cost associated with this service. In this article, we will explore how much LegalZoom charges for a living trust and what factors may influence the price.
Understanding LegalZoom’s Living Trust Pricing
LegalZoom’s pricing for a living trust varies depending on the specific package you choose. The company offers three main packages: Basic, Standard, and Premium. Each package includes different features and services, which can affect the overall cost.
1. Basic Package: The Basic package is the most affordable option, starting at $99. This package includes the creation of a living trust document, which can be used to transfer assets upon the grantor’s death. However, it does not include any additional services, such as preparation of a pour-over will, a durable power of attorney, or a living will.
2. Standard Package: The Standard package costs $249 and includes all the features of the Basic package, along with additional services such as a pour-over will, durable power of attorney, and living will. This package is suitable for individuals who want a comprehensive estate planning solution.
3. Premium Package: The Premium package is the most expensive option, priced at $349. It includes all the features of the Standard package, plus additional services such as asset protection, a privacy review, and a personalized consultation with a legal expert.
Factors Influencing the Cost
While the package pricing provides a general idea of the cost, several factors can influence the final price of a living trust through LegalZoom:
1. State-specific requirements: The cost of a living trust can vary depending on the state in which you reside. Some states may require additional documentation or filings, which can increase the overall cost.
2. Additional services: If you choose to add extra services, such as asset protection or a personalized consultation, the price will be higher.
3. Number of trustees and beneficiaries: The number of trustees and beneficiaries listed in the living trust can also affect the cost. LegalZoom may charge additional fees for each additional trustee or beneficiary.
Conclusion
In conclusion, the cost of a living trust through LegalZoom ranges from $99 for the Basic package to $349 for the Premium package. The final price may vary based on state-specific requirements, additional services, and the number of trustees and beneficiaries. It is essential to carefully consider your needs and budget when choosing a living trust package to ensure you receive the appropriate level of estate planning protection.
