We had trust and planning documents prepared by Legacy Law Center in 2003. It was not inexpensive but we felt it was worth it. Subsequently, in 2012 we were advised to update documents related to the Power of Attorney and Health Care disclosure due to changes in the law. The revised documents cost more than we anticipated but again, we were fine with it because it was recommended and necessary.
This week we sold a vacant lot we own, which had been placed in the trust along with other property. The title company asked for our Certificate of Trust in order to complete the closing. They described this as a two or three page document that should be part of our trust documents. It isn't there.
I called Legacy Law Center to ask about this and was told that a Certificate of Trust had not been prepared as part of the preparation of our Trust, but it could be generated at a cost of $500. Since I had been advised that the Certificate of Trust was a standard "boilerplate" document, I was stunned by the cost and also surprised that it had not been given to me as part of the original creation of the trust.
I declined to have it prepared by Legacy Law Center and found an attorney to prepare the document at a cost of $150. I've learned my lesson. read more