The penalty for late filing of a living trust can vary depending on the jurisdiction or governing rules. In some cases, there may not be a specific penalty for late filing of a living trust. However, it is generally advisable to file living trusts in a timely manner to ensure that the trust is properly executed and its intended beneficiaries receive the assets as intended. It is recommended to consult with a legal professional or estate planning attorney to understand the specific laws and regulations governing living trusts in your jurisdiction.