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1 Transfer fees and filing fees are extra expenses often required when preparing an irrevocable trust. 2  There may also be charges and legal fees when changing names on investment accounts and other assets as well as on insurance policies. 3  Transfer fees can cost $20 to $100 depending on the transaction. Fees. 2  Having a lawyer draft an irrevocable trust involves a range of services that are conducted for a fee. 3  While legal costs vary from one location to another, many irrevocable trusts can cost $500 to several thousand dollars.
Now that you have the idea of what Irrevocable means, how does that apply to a Trust. Basically an irrevocable Trust is a Trust in which you have made the decision not to have the capacity to REVOKE it. This means that it is permanent and that whatever you set forth in the Declaration of Trust is the way it will stay.omment. What if I have a irrevocable trust in I want to get a divorce after being marriage for 25 year can my wife get any of my money from my trust I set up the irrevocable trust in 2014 please let me know. As with all trusts, the devil is in the details.