Mount Vernon, NY asked in Estate Planning for New York

Q: Are there any fees for creating a trust?

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2 Lawyer Answers
Michael David Siegel
Michael David Siegel
Answered
  • New York, NY
  • Licensed in New York

A: There are legal fees, and there may be fees to title assets in the trust. Once going, there may be commissions for the trustee, but this depends on the terms and type of trust.

David Lacher agrees with this answer

David Lacher
David Lacher
Answered
  • New Rochelle, NY
  • Licensed in New York

A: In New York State, there are no statutory fees for creating a trust. The only fee is the legal fee for the lawyer you retain to draw up the trust in accordance with your objectives.

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