Creating a living trust used to be an expensive process, but not anymore. It used to be an instrument used by the rich and famous, but these days it has become affordable.
The cost naturally depends on the complexity of the family case. But if you understand that a living trust is designed to avoid the high costs and time of Probate, and since death is inevitable, it is clear that it is worth it.
The value of a living trust document is measured when a family member dies or become incapacitated. A document that has not been drafted or executed properly may end up costing much more than a well-crafted living trust done by an experienced practitioner.
In that case, the question then becomes: “is (the absence of the correct and executed) living trust expensive?”
To which the answer is most probably: Yes!