Hiring a Trust Administration Attorney in New York
New York uses a statutory trustee fee scheduleNY SCPA § 2309; NY SCPA § 2312 (corporate trustees)Verified Jul 14, 2026. The schedule sets fixed percentages based on trust value, so the cost is predictable. Family-member trustees often waive the fee entirely. Professional trustees (banks, trust companies, attorneys) typically charge between 0.5% and 1.5% of trust assets per year, with corporate fiduciaries usually applying minimum annual fees. The New York trustee compensation calculator breaks it down by trust situation.
Trust administration in New York is typically faster than probate because trusts don't require court supervision. There is no court-supervised creditor period — the trustee distributes once known debts are settled, subject to New York's general limitations period. Simple trusts often wrap up in 6-9 months; trusts that hold business interests, real property in multiple states, or that need to file estate tax returns can take longer. See the New York trust settlement plan for the full process.
Estate planning attorneys in New York average $448 per hourClio Legal Trends Report 2025Verified Jan 1, 2025 for wills and estates work. Flat-fee packages run roughly $1,344–$2,688 for a simple individual will and $4,250–$6,375 for a basic revocable trust. Online and DIY services cost $30–$300 for the same documents — see the will cost calculator for a side-by-side comparison.
New York allows estates under $50,000 to use a simplified Voluntary Administration procedure, which is a form rather than a court case and typically doesn't require an attorney. For larger estates, formal probate is involved enough that retaining counsel is usually practical — the procedural work is what they're there for. Use the New York probate calculator to estimate the costs.
In New York, the situations where retaining counsel is typically worth the cost are: blended families with children from prior relationships; ownership of a business, rental property, or significant investment assets; special-needs dependents who need a special-needs trust to preserve benefits; estates near or above the New York estate tax threshold; substantial property held in multiple states. If none of these describe your situation, the simpler online and DIY tools are often enough.