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1 Transfer fees and filing fees are extra expenses often required when preparing an irrevocable trust. 2  There may also be charges and legal fees when changing names on investment accounts and other assets as well as on insurance policies. 3  Transfer fees can cost $20 to $100 depending on the transaction. Fees. 2  Having a lawyer draft an irrevocable trust involves a range of services that are conducted for a fee. 3  While legal costs vary from one location to another, many irrevocable trusts can cost $500 to several thousand dollars.
Each type has advantages and disadvantages, which you should discuss thoroughly with your estate-planning attorney before setting one up. When it comes to cost, a basic trust plan may run anywhere from $1,600 to $3,000, or possibly more depending on the complexity of the trust.ith a credit-shelter trust (also called a bypass or family trust), you write a will bequeathing an amount to the trust up to the estate-tax exemption. Then you pass the rest of your estate to your spouse tax-free.