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To create a living trust in Idaho, you create and then sign a declaration of trust in front of a notary. You then transfer ownership of assets into the trust to fund it. At this point it becomes effective. A revocable living trust offers a variety of benefits that may appeal to you and fill your needs.
In total dollars, the cost of a Family Trust or Living Trust package for an unmarried person would cost $1,895. For a married couple, the total cost would be just $2,295.
Your complete Family Trust package prepared by Peters Patchin & Monaghan will cost just $1,895 for an unmarried person or $2,295 for a married couple. It will include all of the following: Family Trust Agreement.
Create the trust document. You can get help from an attorney or use Willmaker & Trust (see below). Sign the document in front of a notary public. Change the title of any trust property that has a title document?such as your house or car?to reflect that you now own the property as trustee of the trust.
Duty to register trusts. The trustee of a trust having its principal place of administration in this state shall register the trust in the court of this state at the principal place of administration.