Living Trust No Probate Fee Average cost of Living Trust for two persons: $1,200 Time to settle Estate: Approximately 1 to 2 weeks Records are completely private Family discord is less likely Example - Assume: $ 1,000,000 Estate $ (800,000) Debts $ 200,000 $ (000,000) Probate Fees $ 200,000 Net Distribution

No Living Trust = Probate Probate Fee: $23,000 Time to settle Estate: Approximately 6 to 8 months Probate records are available to the public Family discord is more likely Example - Assume: $ 1,000,000 Estate $ (800,000) Debts $ 200,000 $ (23,000) Probate Fees $ 177,000 Net Distribution

Probate fees are paid on the gross estate, not the net estate after debts. In this example the estate was reduced $23,000 or 11.5% because of probate fees that could have been avoided with a living trust.