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Generally speaking, most trusts cost between $1,000 and $3,000 to set up. A trust is a legal arrangement in which property (such as money or property) is held by one party for the benefit of another. A trustee holds legal title to the property for the benefit of the beneficiaries.

When you create a living trust in Florida you are the grantor of the trust, the one who decides its terms and places assets in it. You select a trustee who manages the assets. It is common to choose yourself as trustee, but you can pick anyone you want.

Since living trusts are not required to be filed with the Florida courts following a person's death, it is difficult to gauge the number of trusts vs. the number of wills (which are required to go through probate, therefore are public).

To set up a revocable living trust in Florida, you'll need to follow these requirements: The trust must be created and signed by you. You must transfer assets into the trust. There must be a successor trustee named.

To transfer real property into your Trust, a new deed reflecting the name of the Trust must be executed, notarized and recorded with the County Recorder in the County where the property is located. Care must be taken that the exact legal description in the existing deed appears on the new deed.

Generally speaking, most trusts cost between $1,000 and $3,000 to set up. A trust is a legal arrangement in which property (such as money or property) is held by one party for the benefit of another. A trustee holds legal title to the property for the benefit of the beneficiaries.