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RESIDENT AND NONRESIDENT ESTATES AND TRUSTS A resident trust is any trust administered in South Carolina. All other trusts are nonresident trusts, including a trust administered outside of South Carolina that is required to follow the laws of South Carolina for administration of the trust.

Generally, a Living Trust, produced by an attorney, ranges in price from $2,000 to $4,000. The Trust includes all documents required to establish the Trust, powers of attorney, both financial and healthcare-related. In California, a Will typically ranges from $400 to $700.

To make a living trust in South Carolina, you: Choose whether to make an individual or shared trust. Decide what property to include in the trust. Choose a successor trustee. Decide who will be the trust's beneficiaries?that is, who will get the trust property. Create the trust document.

The cost of setting up a trust in South Carolina 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.

Estate Planning with a Revocable Living Trust allows you to transfer assets into your Trust during your life, where you can continue to manage the Trust assets as Trustee, the Trust terms can be changed by you at any time, and, most importantly, avoid passing through probate upon your death.

Creating a living trust in South Carolina involves creating a written trust document and signing it in front of a notary. The trust is not final until you transfer assets into it. A living trust might offer benefits that are valuable for you. Compare it with other estate planning options before deciding.