The complexity of distribution is only limited by the imagination. As you can see, a trust is beneficial for many reasons. It saves privacy, time, and most important, money for your heirs and loved ones which would otherwise be taxed by the federal government. Even with computers, the price has not come down much. Most law offices are not sufficiently automated, and estate planning packages still take 2 to 5 hours to prepare.
Attorneys still have to pay for overhead, office, secretaries, malpractice insurance, etc.
Added to these costs are the costs and inconvenience of travel to the attorney's office, time off from work, parking fees, and the like. Despite the time it takes for an attorney to prepare an Estate Planning Package, most trusts and related documents contain very similar components. Those persons with complicated distribution schemes, with very unique assets, or other unique situations, should seek individual legal counsel. However, for most of us with modest assets, a home maybe, some securities, some life insurance, or other assets typical of the middle-class American population, this Trust will meet your needs without having to employ an attorney. Inc. All rights reserved.