What is the Price of a Trust in NY? And What Factors Influence the Price?

What is the Price of a Trust in NY?

What is the price of a trust in NY? Prices start at $1,500 for a pooled trust joinder, and can go up to over $10,000 for a complicated irrevocable trust with multiple property transfers and a defensive strategy. An average price for an irrevocable trust is $6,000. The price for a special needs trust is usually less than other types of trusts. The price of a trust in NY depends on a number of factors.

The following factors would raise the price of a trust:

  • The complexity of the trust
  • Irrevocable trust
  • Medicaid asset protection
  • Asset protection
  • Sizeable trust estate
  • Deed transfer
  • Coop transfer
  • A close relative is being left out
  • A defensive trust drafting situation
  • The grantee needing a nursing home
  • The need for additional documents such as
    • a Gift and Loan promissory note
    • Medicaid application
    • spousal refusal
    • springing power of attorney
    • living will
    • health proxy
    • last will and testament

Here are some examples. The price for a complex NY trust that is an irrevocable trust with Medicaid asset protection, a sizeable trust estate and multiple property transfers that form the funding of the trust would be more than the price of a special needs trust. The price for a trust that needs court intervention would be higher, because an attorney would need to include their hourly rate as part of the price of the trust. A trust that includes unanticipated work would have a higher price as well. An average hourly rate for an attorney is about $400 per hour.

A trust where a relative is being left out will have a higher price, as additional protection and safety measures will increase the procedure involved, and the attorney may have to appear in court in the future to testify to the validity of the trust.

The numerous benefits of a trust more than justify a price of trust in NY. As a reminder, here are some of the benefits:

  • Avoid the hassle, delay and cost of probate
  • Avoid restrictive guardianship where a judge appoints a stranger to make life decisions for you
  • Protect your family from predators (the government, in-laws, lawsuits and creditors)
  • Protect you from long-term care and nursing home costs
  • Exempt your family from giving notice to creditors upon your death
  • Keep your hard-earned money in the family
  • Hand-tailor how your assets will be distributed and managed

If you would like an estimate the price of your trust in NY, you can give me a call at (212) 233-1233 or 212-233-1233.

Attorney Albert Goodwin

Law Offices of
Albert Goodwin, PLLC
31 W 34 Str, Suite 7058
New York, NY 10001

Tel. 212-233-1233

[email protected]

About the Author

Albert Goodwin, Esq. is a licenced New York attorney with over 15 years of courtroom experience. His extensive knowledge and expertise make him well-qualified to write authoritative articles on a wide range of legal topics.

Contact Us









Albert Goodwin gave interviews to and appeared on the following media outlets:

ProPublica Forbes ABC CNBC CBS NBC News Discovery Wall Street Journal NPR

Client Reviews

Verified feedback from our clients

Mr. Goodwin is everything you want in an attorney: professional, honest, thorough, and genuinely caring. He always explains things clearly, so I understood exactly what was happening and what to expect next. His attention to detail and persistence really stood out. Looking back, I feel lucky to have found him. He guided me through the whole process expertly, and I deeply appreciate all his hard work. Would definitely recommend him to anyone needing legal help.

Sarah M

Legal Services

Thanks to Mr. Albert Goodwin's hard work and smart thinking, I finally won my case, which has been a long time coming. He figured out solutions that no one else could see. I'm really impressed by his strong ethics - something that's rare these days. As my lawyer, he went above and beyond what I expected. I'm so grateful I found him and would definitely recommend him to anyone needing legal help.

Lawrence H

Estate Law

From our first meeting, I knew I was in great hands with Albert and his associate Katrina. They handled my case with incredible skill and efficiency, even though they took it over from another firm. What impressed me most was how quickly Albert responded to my questions with honest, clear answers - no sugarcoating, just straight talk. They managed a huge workload under tight deadlines, and their fees were very reasonable for such high-quality work. Beyond his legal expertise, Albert's wit and personality made a difficult process much easier to handle. I'm deeply grateful for their hard work and would absolutely choose them again. If you need legal help in New York, you won't find better representation than Albert's firm.

Adam F

Estate Litigation

VIEW MORE
New York State Bar Association Member Badge New York City Bar Association Member Badge American Bar Association Member Badge Avvo Rated Attorney Badge