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Real Estate ? If property is to be transferred to a Trust, it must be reflected in the County Probate Judge's Office where it is located. Conducting this transfer requires that an Alabama Deed be completed and filed by the Grantor.

As a nonprofit organization, the Alabama Family Trust works hard to keep fees reasonable. The current minimum initial contribution required to establish a trust is $1,500, which includes a one-time $750 set up fee. Trusts in existence for six months or more are charged a trustee fee of $450 once per year.

To create your own living trust in Alabama, you need to first create or have the trust document created for you. It must include the name of the trustee and list your beneficiary or beneficiaries. This legal document must then be signed by the settlor in front of a notary public who will notarize the signature.

ContractsCounsel's marketplace data shows that the average cost of hiring an attorney to make a revocable living trust is $1,500 - $2,500 in all states. Revocable living trusts allow you to organize your assets, avoid probate, and make the distribution of your property after death easier for your beneficiaries.

How long can a trust last? The length of a trust is determined by the ?rule against perpetuities.? In Alabama, a trust may last for a ?life in being? plus 21 years, For example, if a grantor has three children and 5 grandchildren the trust must terminate 21 years after the last of them dies.

Funding a trust in Alabama involves transferring ownership of your assets into the trust. For real estate, this means preparing a new deed for the property in the name of the trust. For bank accounts, you would need to contact your bank to have them change the account holder to the trust.