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The cost of setting up a trust in Minnesota varies depending on the complexity of the trust and the attorney's fees. A basic Revocable Living Trust generally ranges from $1,000 to $3,000. More complex trusts can cost several thousand dollars more.

You can create a trust document yourself, but it's recommended to work with an attorney who has experience in estate planning to ensure that your trust document is legally valid and meets your needs.

To create a living trust in Minnesota, the grantor creates the trust and places assets in the control of the trust. You must name a trustee who is in charge of managing the assets during your lifetime. One of the benefits of a living trust is that you can name yourself trustee, and most people take advantage of this.

It is recommended that you to use a lawyer who specializes in estate planning. The costs can range from $5000-$10,000 to set up. As long as you do not make any changes, the yearly cost to maintain your trust is the cost to file the separate trust tax return.

The cost of setting up a trust in Minnesota varies depending on the complexity of the trust and the attorney's fees. A basic Revocable Living Trust generally ranges from $1,000 to $3,000. More complex trusts can cost several thousand dollars more.

All you need to do is sign a living trust agreement in which you name yourself as both grantor (creator of the trust) and trustee (manager of the trust assets). Once you have set up your living trust, you transfer some or all your assets to the trust. As trustee, you then take over management of the trust assets.