Print Legal Kentucky Living Trusts Forms For Free

A Kentucky trust typically costs anywhere between $1,500 and $3,450. At Snug, any member can create a Power of Attorney and Health Care Directive for free. A Will costs $195 and a Trust costs $500. For many families, this is a great option to get you fully covered and save some money while doing it.

To create a living trust in Kentucky, you must create the trust in writing and sign before a notary public. The next step is to fund the trust by transferring ownership of assets into the trust.

The cost of creating a trust in Kentucky varies depending on the complexity of your estate and the attorney's fees. The average cost for a basic Revocable Living Trust ranges from $1,000 to $3,000, while more complex trusts may cost more.

Some of the disadvantages of living trust really stem from misunderstanding the purpose and use of this estate planning instrument. For example, some people assume that any and all trusts are useful asset protection tools. This is unfortunately not the case; most living trusts will offer no asset protection.

Who Should Get a Living Trust in Kentucky? Since Kentucky has not adopted the Uniform Probate Code, probate in the state is considered lengthy. So people who are concerned about the delay and costs of the court process should consider a living trust.

Do I need a living trust in Kentucky? There are many reasons to consider a living trust Kentucky, one of which is the benefit of privacy. The trust is not public record, as a will and probate proceeding are. The terms of the trust, assets in it, and beneficiaries of it are never revealed and remain completely private.