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 standard revocable trust starts at around $700 â $900. But that price can go up to $3,000+ depending on the complexity of the trust and the property involved. There are ways to minimize the expense. For example, if you just want one piece of property in a simple revocable trust then some estate planning attorneys in Salt Lake City will drop the price below $700.