Q: Hi, how much it will cost me a trust and will , being on fixed low income and having only the condo I am living in. Tha
I own only the condo I am living in .
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A:
The cost of creating a trust and will in California can vary based on several factors, including the complexity of your estate and the rates of the attorney you choose. Since your estate consists only of the condo you live in, your situation might be less complex than others, potentially reducing legal fees.
For someone on a fixed low income, it's important to shop around and compare rates from different lawyers. Some may offer lower rates for simpler estate planning needs or might have sliding scales based on income. Additionally, you can look into legal aid organizations in California that offer reduced rates or even free services for those with limited financial resources.
Remember, while cost is an important consideration, it's also crucial to ensure that your trust and will are drafted correctly to reflect your wishes and comply with California law. This can provide peace of mind and ensure that your only asset, your condo, is handled according to your wishes after your passing.
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