Living Trust COST and WHY?
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- Опубліковано 4 лют 2025
- What does a Living trust cost? In 2024, updating a living trust in California can be expensive! Learn the value: 👉 Book a Call at www.cunningham... to learn how to make a living trust, avoid California estate tax, and talk to a family trust lawyer.
So how much will a Living Trust cost? What is the difference between a Living Trust and a Will? Probate. What is Probate? How much does Probate cost? Watch to find out! How do you choose the right lawyer and receive the best estate plan for YOU? What if all I need is an update, not a new trust? We’ll talk frankly about all these questions, and look at how to best prepare for your important meeting with an estate attorney.
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I appreciate your transparency and "heads up" info.
Thank you! I'm happy to hear that.
How do we track the attorney’s time spent on our case ? It’s hard to trust the lawyers (liars)
Very true I went through it.
Thank you for your question @mohammedhazim2508. Trust is the bedrock of any attorney-client relationship. Part of building and maintaining that trust includes the lawyer meticulously tracking their time, often down to six-minute increments, with clear descriptions of each task performed for each time entry. The California Rules of Professional Conduct (CRPC) strictly mandate honesty in billing under Rule 1.5 (prohibiting unconscionable fees) and Rule 8.4 (prohibiting dishonesty, fraud, or misrepresentation). A new-ish Rule 8.3 even requires lawyers to report to the state bar on misconduct of other lawyers that relates to dishonesty! Obviously, you have concerns. One thing you might consider is asking for detailed billing records from the lawyer you are having problems with and go from there. If your matter is in California you also have a right to Fee Arbitration through your local, county bar association.
@@CunninghamLegal Better yet Pragmatic Parents hire NICER approved Prebate Administration Trusted Legal Advisors at a Nickel to spare our kids a Probate Dime, title crime, and litigation Quarter. Now we know the Trust is compared to a steering wheel in a car needing hundreds of parts to fund, record, monitor, validate and certify a Forgery Proof Title Holding RLT. And inventory, appraise, mentor grantors, coach trustees, referee RLT grantees and LLC beneficiaries, transfer, distribute, and settle with a Pro Bono Trust Reading.
@@DanAD69a greedy trustee cost our family a million dollars in Trust Litigation so we’re hiring one of C/Ls team members to install the NICER Financial Elder Defense System Latin Law Forgery Proof Crime interdiction administrations when the 33-year reform arrives Super Bowl Sunday, Lord Willing and the creek don’t rise.
It's easy in administration Law prudent parents pay a Prebate Nickel to spare our Kids a Probate Dime, Title Crime and Trust Litigation Quarter.
Thx for your Knowledge
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ZEP TO 11:11 TO FIND THE COST AND SAVE YOUR TIME...
Thanks for posting the time stamp. There is a lot of other really important relevant information in the video that I encourage you to watch also.
@@CunninghamLegalAbsolutely there's other important information that people should watch/listen to in this video as in all of your videos!
You put out some fire content Mr Cunningham, and thank you!
Here's a commercial for you, It's might cost you everything you own when a greedy trustee or thief steals it when your vulnerable, it cost our parents Estate a quarter 25 to 50% in Litigation and the Estate Planner that promised peace of mind refused to help, so get a NICER authorized Administration Lawyer to add the value, quality, services, features, advantages, and benefits of a crime free inheritance transfer plan at a fair market price, a Grantors Prebate Nickel or Grantees Probate Dime to avoid the Trust Litigation quarter,
Don't forget to add the cost to add the dozens of administration steps so it doesn't cost you 25% to 50% in Trust litigation like our family when a greedy sibling changed the documents on her computer.
@@KennethGuilory-w8q Thank you for your comment. We are so sorry to hear that you had to go through litigation. Although trusts are designed to remain out of probate court, if there is conflict, living trusts can end up in probate court.
excellent presentation!
Thank you! Cheers!
California probate is unlike a lot of states. If I remember correctly, you pay a percentage. Colorado's probate is not like this, for instance.
California's Probate fees are broken down like this:
$4,000.00 (4.0% of the first $100,000.00)
$3,000.00 (3.0% of the next $100,000.00)
$16,000.00 (2.0% of the next $800,000.00)
Probate on $1M estate would cost approximately $46K in fees (regardless of debt)
We have a probate fee calculator on our website!: www.cunninghamlegal.com/california-probate-fee-calculator/
@@CunninghamLegal Thanks. My father's estate exceeded $1M here in Colorado. Properly and efficiently handled probate wouldn't have been as high here as it would have been in California.
😊this channel it is help to know a little about legal trust , to listen to. 😊
Glad to hear that!
thanks
You're welcome!
Volume change at 0:36 just about blew out my eardrums.
Sorry about that! We were trying out our intro video. We're working on fixing it on the back end with UA-cam.
@ no problem just caught me off guard. Plus I like listening at 2x speed so that makes it even worse 😂
Excellent Vido. Considering moving to California from Florida, retired many years with an existing Florida Estate plan and associated docs. How soon after moving is it appropriate/ required to get a restatement or new plan under California law. Thanks
You'll need to update your estate plan before anyone named in it is deceased or incapacitated. That deadline depends on your life circumstances!
Is it better if I just add my trustee to the deed?
Do you mean Successor Trustee? All current Trustees should normally be on the deed, but we don’t typically see successor trustees on deeds. However, some financial institutions do ask for the identity of the successor trustee(s).
@@CunninghamLegal NICER Rule 1 is putting client's needs ahead of your own, wouldn't you agree listing the future penitential grantees on the deed would be one more step to help prevent Inheritance Hijacking?
@@LegaleseWarrior-w4i NICER will record Mentored Grantors, Monitored Successor Trustees and Guardians. and Refereed Grantees and Beneficiaries to protect vulnerable seniors and special needs children from financial elder abusers and easy to forge Anderson Advisor Estate Plan document inheritance thieves.
Hello, we have an existing Living Trust that states our real estate is under the trust but we have not done anything with the deed at the local city recording. How do we go about doing so and how much will it cost us? Thank you in advance.
Great question! Typically, people create a deed transferring the property from themselves to their living trust. We can help you with this process. As far as fees go, you can reach out to us and we can go over your individual situation.
www.cunninghamlegal.com/california-law-offices/contact/
That's just one step in dozens in a Forgery Proof Title Holding Entity wealth transfer Trusted Advisors will include in a Prebate Nickel to spare our kids a Probate Dime or Estate Plan Crime that cost our family a million dollars in Trust Litigation, when our Santa Cruz Ca Lawyer sold us an Estate Plan instead of a complete Inheritance Administration.
@@CunninghamLegal Thank you for being an ethical Lawyer Anderson Advisors just admitted they don't include any services with their Title Holding Entities, so we will be recommending you to millions of our NICER friends.
11:55 Yeah my dad didn’t give a rats ass about any of that.
He was the nicest guy I ever knew, but under the surface, he was incredibly selfish when it came to his time and attention.
The moral here is don’t confuse agreeableness with honor.
I'm sorry that your father didn't prioritize estate planning. We know firsthand that navigating an estate through the Probate process can be extremely difficult, time consuming, and expensive.
All I have is a little house . Just want to keep it out of probate
Good question! You will want to start by looking at creating a revocable living trust centered estate plan. That’s the first step to take so that you can accomplish your goal of avoiding probate.
@@CunninghamLegal Great answer, Pragmatic Prebate Parents want the NICER Financial Elder Defense Systems 33-year Reform Forgery Proof Title Holding RLT. With millions of Jobs in Justice interdicting estate plan forgers and no plan counterfeiters. With World War Two and Boomer Pragmatics adding Prebate Administration Trusted Legal Advisor's team of 5 Allied Legal Professional Trust Guardians to protect vulnerable clients from financial elder abuse domestic terrorist's title crimes starting Super Bowl Sunday.
Living Estate trust ,Cost me $15,00.00
@EstatePlanEnemy what do you mean free? I'm scheduled for an indiana attorney in December. What do you mean by this?
@@outofthebox5441 That was a scammer comment. Good luck with beginning your estate planning journey in December!
What people pay for living trusts does vary, and we have seen some people pay $15,000 or more for their estate plan. It depends on the full scope of services. It’s a bit like saying someone paid $300K For a house and another person paid $1.5M. Both are houses, but each is different!
@@CunninghamLegal makes sense
@@CunninghamLegal Baloney the Trust is free, scammers, spammers. and estate planners sell paper and call it a plan. Our $8000,00 Planner didn't record, monitor, arbiter interdict, validate, or certify no fraud, or inventory, appraise, mentor grantors, monitor trustees, or referee grantees. Nor transfer, distribute and settle our administration with a Trust reading like NICER Interdiction Trust Trusted Advisors do, so our Estate Plan cost us a Million dollars in Litigation.
Since my wife and I have a minor child, if I make my brother the executor of the trust. Can there be language in the trust that says once the minor child is age of majority, they will then become the executor?
Yes. This is a provision that can be incorporated into the living trust centered estate plan.
Yes as long as there 18
@@MadMadClients-f4m thanks for the info. We’ll have no problem with that as our family is very close and we don’t have drama. Having my brother or other family members involved won’t be an issue.
@@TheK9Shepherddrama starts when the “ where’s mine, I deserve ……”
Cual es la pro en contras cuando el dueno muere y los hijos nomas sigen pagando las taxas pero esta bajo del nombre de muerto y sigen viviendo por anos los familiares el estado saca al muerto o se para en la sepultura por si acaso revive y cobrar 😢😮
Dentro de los 150 días posteriores a la fecha de fallecimiento, el fideicomisario (Trustee) o el beneficiario deben presentar un formulario de "Aviso de cambio de propiedad, fallecimiento del propietario de bienes inmuebles." No presentar el formulario puede resultar en multas del 10% del impuesto no pagado oportunamente. Este es un requisito legal y el incumplimiento de la ley generalmente resulta en una multa monetaria. Quién lo paga es una cuestión más complicada.
Hey i need urbfirm
You can contact us at www.cunninghamlegal.com/california-law-offices/contact/