At What Dollar Figure Do You Start a Trust at ?Prev TopicNext Topic

• CDanaT

  

  Central TN
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  January 4, 2012
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  Nov 8, 2018, 9:01 am

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  I am just curious at what dollar figure you would consider collecting a jackpot win via a Trust.

  I was thinking around the $3-4 Million mark

  *Please excluded the anonymity and non-trust collection aspect for this question.

  Si vis pacem, para bellum.
• Raven62

  

  25

  New Jersey
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  June 28, 2005
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  Nov 8, 2018, 9:13 am

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  $100M However, It can be opened with far less:
  
  https://www.fool.com/knowledge-center/how-much-money-do-you-need-for-a-trust-fund.aspx
  
  For a bare-bones trust fund, you only need to fill out a few pages of legal documentation and pay a fee to a bank that offers trust accounts. The cheapest accounts require just a couple hundred dollars in fees and less than $100 as an initial deposit.

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• music*

  

  Fresno, California
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  August 2, 2014
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  Nov 8, 2018, 2:12 pm

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  Your heirs will love you after you create a Revocable Living Trust. 

   Call around and get quotes on how much a Trust and Asset Attorney will charge. You will also be interviewing the Attorney if other needs appear in the future. The Attorney will be interviewing you as well. 

   Here in California we are urged and pushed to avoid Probate. A Will has to go through probate.

   In remembrance of the California Law Enforcement Officer who gave his life to protect the students at the bar. Also remembering those students who were massacred there. 

   "We are all in this together!" 
• KY Floyd

  

  NY
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  October 16, 2005
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  Nov 9, 2018, 2:04 am

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  "$100M"

  Yeah, why bother spending a little bit of time and money to protect your assets and avoid probate with a trust if you've only got 50 or 75 million bucks?