How do Wills and Trusts compare regarding costs?
It generally costs more to set up and fund a Living Trust than it does to prepare a Will. On the other hand, the cost of administering an estate that features a Living Trust is often less than the cost of probating a Will. These costs vary from state to state, and of course, the amount of attorney expertise that you require for your situation can affect both the initial cost, as well as the cost of handling your estate.
