Do I actually need a Lawyer to set up a trust?

2 Replies

Not legally.  You can set-up your own trust; it will require certain provisions that you can find outlined online at LegalZoom and the like.  Would I go it alone?  No.  A trust is a living instrument and mistakes are costly to undo - and some cannot be undone.  A trust may not be the right instrument but if it is you can expect attorney fees to run $1500 to $2000.  Spend some time online and read more on the topic before deciding.  You might be able to accomplish what you want by going another way.