A coworker of mine has been trying to convince me to setup a trust with his wife who happens to provide this service. Basically it's going to cost $4,000 but he says do it now because after the RV it's going to cost $10,000.
FIrst off I was wondering if any of you have trusts setup? Secondly how much did it cost as $4,000 seems pretty high for filling out some paperwork. I imagine the filling fee is a few hundred bucks and her fee is the thousands on top of that. Also what are the benefits of a trust?
I'm not going to do it. I don't need a trust now and IF there were to be an RV who really cares about paying an extra $5,000 or $6,000 at that point. I'd rather pay a bit more later than shellout thousands now for something I don't need at this time.
Anyhow, just curious if anyone can share experience or comment on trusts in general. Thanks.