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LDB415 wrote:Approximately what does it cost to set this up? Are there ongoing costs like annual renewal fees etc.?

I have never done this, so I could be wrong, but I believe that the only legal fees after the original set up are if you want to file any changes to the trust. And I understand that trusts must name all beneficiaries specifically, so if you have another child or grandchild that you want included, you need to make the change.