• Home
  • Who We Are
    • About Our Firm
    • Meet Our Team
    • News and Events
  • Estate Planning
    • Asset & Business Planning
    • Elder Law & Medicaid Planning
    • Estate Planning Services
    • Family-Owned Businesses & Farms
    • Legacy Planning Services
    • LGBT Estate Planning
    • Pet Planning
    • Special Needs Planning
    • Trust Administration & Probate
    • Young Families
    • Estate and Gift Tax Figures
  • Elder Law
    • Coping With Alzheimer’s
    • Emergency Medicaid & Nursing Home Planning
    • Guardianship & Conservatorship
    • Hospice Care
    • Medicaid Planning
    • Veteran’s Benefits
  • Resources
    • FREE Estate Planning Worksheet
    • FREE Workshops
    • Definitions
    • Elder Law Resources
      • Bath Elder Law
      • Pittsford Elder Law
      • Rochester Elder Law
    • Frequently Asked Questions
      • Elder Law FAQs
      • Estate Planning FAQs
      • Medicaid FAQs
      • Probate FAQs
      • Trusts FAQs
      • Trust Administration FAQs
      • Veterans’ Benefits FAQs
      • Is Your Estate Plan Outdated?
      • FAQs for Families Without an Estate Plan
      • LGBT Estate Planning
    • Family Farm Succession Planning
    • Medicaid Resources
    • Presentations
    • Probate Resources
      • Bath Probate
      • Pittsford Probate
      • Probate Checklist
      • Rochester Probate
    • Professional Articles
    • Review of Our Services
    • Reports
      • Estate Planning Reports
        • Advanced Estate Planning
        • Basic Estate Planning
        • Estate Planning for Niches
        • Trust Administration
    • Top Estate Planning Techniques
    • Newsletters
  • Communities We Serve
    • Finger Lakes Region
      • Canandaigua
    • Geneseo
    • Livingston County
    • Ontario County
      • Naples
    • Mendon
    • Monroe County
      • Pittsford
      • Rochester
    • Steuben County
      • Bath
      • Corning
    • Wayne County
    • Yates County
  • BLOG
  • Contact Us

WAEstate

Law Office of Michael Robinson, P.C.

Connect With Us Today (585) 374-5210

Attend a Free Workshop

Three Basic Questions about Trusts

December 21, 2012Trust Administration, Wills & Trusts

If you’re thinking about creating a trust, here’s a list of frequently asked questions that may help you decide if a trust is right for you.
What is the value of a trust?

This is a question without a very definitive answer, specifically because trusts are used for such a wide assortment of purposes – the value of which is determined by its creator. That said, however, most trusts are used to provide money to those in need, or to impose money management upon those who lack such skill themselves. Trusts are also used as a legal means by which one may bypass tax regulations.
Can you change a testamentary trust?

A testamentary trust is created in the language of a person’s last will and testament, and only becomes irrevocable (i.e., it can’t be changed) when the will’s owner dies. So, if the person that wrote the will is still alive and still of sound mind, the testamentary trust can be changed.

 

How much does it cost to have an attorney create a trust for me?

There is no universal set cost that an attorney must charge for creating a trust for someone. The cost will vary depending on the individual skill of the attorney, the complexity of the estate (if drafting a testamentary trust), the complexity of the legal document, as well as the amount of time spent on the project by the attorney. That being said, you should ask for a fee quote from the attorney prior to him or her beginning work.

  • About
  • Latest Posts
Michael Robinson, Estate Planning Attorney

Michael Robinson, Estate Planning Attorney

Clients notice Michael Robinson’s unique approach to his estate planning practice the minute they walk through his office doors.
Michael Robinson, Estate Planning Attorney

Latest posts by Michael Robinson, Estate Planning Attorney (see all)

  • Important Estate Planning Questions Answered - February 19, 2019
  • A Look at Common Estate Planning Documents - February 14, 2019
  • Tax Tips after New Year - February 13, 2019

Other Articles You May Find Useful

trust administrator
How Much Does a Trust Administrator Earn?
New York trust administration
New York Trust Administration Steps
Estate Planning Services in Rochester, New York and the Finger Lakes Area
3 Tips About Living Trusts in Rochester
Estate Planning Services in Rochester, New York and the Finger Lakes Area
Estate Planning in Rochester: Do-It-Yourself Plan Can Cost You – Part 2 of 2
Estate Planning Services in Rochester, New York and the Finger Lakes Area
Making the Most Out of Your Trust: The Schedule of Assets
Estate Planning Services in Rochester, New York and the Finger Lakes Area
Selecting the Right Trustee for Your Revocable Living Trust

Free Estate Planning Worksheet

There's a lot that goes into setting up a comprehensive estate plan, but with our FREE worksheet, you'll be one step closer to getting yourself and your family on the path to a secure and happy future.
  • This field is for validation purposes and should be left unchanged.

Follow Us

  • Facebook
  • Twitter
  • Linkdin
  • Youtube

News & Events

Upcoming Workshops

Several educational workshops coming up around the Finger Lakes you don’t want to miss.   About Latest Posts Michael Robinson, Estate Planning AttorneyClients notice Michael Robinson’s unique approach to his estate planning practice the minute they walk through his office doors. Latest posts by Michael Robinson, Estate Planning Attorney (see... Read more →

Testimonials

Establishing a Family Wealth Trust through the Law Office Of Michael Robinson P.C. has been a positive experience, the staff is congenial, patient, thorough, professional and knowledgeable. We certainly are comfortable and confident with our decision.
Beverly L.
From the first visit I was welcomed (like family). The office & girls have all their ducks in order! Very friendly! Mr. Robinson explained everything in detail. 100% satisfied. Will pass the word on. Great Law Firm. Thank you so much.
Geraldine P.
A pleasure as always dealing with the entire staff. Always willing to explain the answers to our questions.Joseph and Julie Ann M. 
Always Helpful When Working With The Firm
Over the years we have been to many programs regarding Estate Planning. We were most impressed with Mr. Robinson’s presentation – both in subject matter and explanation in an understandable manner. We have put our “trust” in his competent hands. We were not aware of the complexity and the volume of paperwork generated for this undertaking. We found his staff to be most capable and client orien…
F.T. & L.T.
Our overall experience was one of thoughtfulness, clarity and comprehensiveness on the part of Michael Robinson, his staff and associates. We attended Michael’s seminar on legacy wealth, and found him to be clear and well-spoken. He touched on all aspects of Estate Planning in which we were interested. Our first of two visits to his office was timely and helpful enough for us to consider develop…
Sharon T.

Blog Subscribe

  • This field is for validation purposes and should be left unchanged.

Bath Office

10 West Pulteney Square
Suite 103,
Bath, NY 14810
Phone: (585) 374-5210
Fax: (585) 485-0394

See Larger Map Get Directions

Pittsford Office

1163 Pittsford-Victor Road, Suite 120 (Powder Mill Office Park)
Pittsford, NY 14534-3817
Phone: (585) 374-5210
Fax: (585) 485-0394

See Larger Map Get Directions

Map

mrobinson_sidbr_map
  • Advantages of Working With Our Firm
  • About The American Academy
  • Disclaimer
  • Privacy Policy
  • Sitemap
  • Contact Us

Connect with Us

  • Facebook
  • Twitter
  • Linkdin
  • Youtube
footer-logo

The Law Office of Michael Robinson, P.C.

Attorney Advertisement


© 2019 American Academy of Estate Planning Attorneys, Inc.