Typical plans includes a either an Individual Trust, or if married, either a Joint Living Trust, or a separate trust for the husband and for the wife, and a Pour-Over-Will, Durable Powers of Attorney, Advance Directives for Health Care, and Certificate of Trust.
Individuals or couples with estates over $1,000,000 but less than $5,000,000 need to consider the impact of the Oregon Inheritance Tax . Individuals or couples with estates over $5,000,000 need to consider the impact of the Federal Estate Tax.
After the trust is set up, it will be necessary transfer assets into the trust. This process is called funding the Trust. We will prepare deeds to transfer your real estate into the trust. We will prepare letters to transfer your other property into the trust.
Living Trust Plan Documents
including Trust, Tax Planning, Funding, Pourover Will, Powers of Attorney, and Advance Directive
Pricing depends on the size of the Estate. $3,200 for Estates under $2 million. $4,200 for Estates between $2 million and $5 million, and Estates over $5 million are subject to a special fee agreement based on the complexity of the Estate.
Deeds to put real property in the trust are $150 plus recording fees.
(Clients can receive a $500 discount by providing information online)