What is the cost of a testamentary trust in New Jersey?

Answer by  karenkay (343)

The cost of a testamentary trust in New Jersey depends on the complexity of the trust. You can do it yourself for $100, or have a lawyer draw it up, in which case it could cost several thousand dollars.

Answer by  notenoughfacts (257)

Testamentary trust costs include the cost of setting up the trust which can range into the thousands of dollars, the costs of administering the trust and the cost of having a will drawn up that incorporates the trust. Wills are often inadequate and trusts for real estate and larger amounts of money are often used.

Answer by  Liz59 (10966)

A testamentary trust is a will that is effective after your death. It is best to ask your attorney about whether or not this is the suitable option for you. The cost of the trust, I've been told, is dependent on how much you are going to pass down to the recipient of the trust (fund).

Answer by  wiss22 (119)

There is no standard price. The cost is dependent on many factors as unique as the individual who is creating the trust.