âBut the stars that marked our starting fall away. We must go deeper into greater pain, for it is not permitted that we stay.â â Dante Alighieri, Inferno
On average, the complete process of setting up an irrevocable trust should run anywhere from as little as $1,000 to as much as $7,000 for a complex setup. According to Lodmell.com, the cost of setting up an irrevocable trust can run anywhere from $2,500 to $7,500. Dummies.com states that an irrevocable living trust typically costs $1,000 to $3,000 for each individual. A Forbes.com report provides an idea of how much an irrevocable trust will cost to get a lawyer for estate planning purposes.
Typically, a âprofessionalâ trustee will charge $500-$1,500 dollars to set up the trust, $300-$600 dollars per year to maintain the trust, $25-$50 dollars for each signature that the trustee provides and $25-$50 dollars to perform administrative functions (like forwarding a real estate tax bill).ypically, a âprofessionalâ trustee will charge $500-$1,500 dollars to set up the trust, $300-$600 dollars per year to maintain the trust, $25-$50 dollars for each signature that the trustee provides and $25-$50 dollars to perform administrative functions (like forwarding a real estate tax bill).