Question 1

How much does estate planning cost in New York?

Accepted Answer

Estate planning costs in New York vary based on complexity. A simple will typically costs $500–$1,500, a revocable living trust package runs $2,500–$7,500, and a comprehensive estate plan with tax planning can cost $5,000–$15,000+. Morgan Legal Group offers flat-fee pricing so you know the cost upfront. Call (212) 561-4299 for a free consultation.

Question 2

Do I need a trust or just a will in New York?

Accepted Answer

If you own real estate in New York, have assets over $100,000, want to avoid probate, or need privacy, a revocable living trust is strongly recommended. A will alone must go through Surrogate's Court probate, which can take 12–24 months and cost 5–8% of the estate. A trust avoids probate entirely and keeps your affairs private.

Question 3

How long does probate take in New York?

Accepted Answer

New York probate typically takes 12 to 24 months for straightforward estates. Complex or contested estates can take 3+ years. The process involves filing the will with Surrogate's Court, notifying heirs, inventorying assets, paying debts, and distributing the estate. Morgan Legal Group handles probate across all five NYC boroughs.

Question 4

What is Medicaid planning and when should I start?

Accepted Answer

Medicaid planning involves legally restructuring your assets to qualify for Medicaid coverage of nursing home or home care costs. Because New York has a 5-year look-back period for nursing home Medicaid, it's best to start planning at least 5 years before you anticipate needing care. However, crisis planning options exist even if you need care now. Call Morgan Legal Group at (212) 561-4299.

Question 5

Does Morgan Legal Group offer free consultations?

Accepted Answer

Yes. Morgan Legal Group offers free initial consultations for estate planning, probate, elder law, and all other practice areas. You can schedule directly with founding partner Russel Morgan, Esq. by calling (212) 561-4299 or booking online through our website. Our office is at 15 Maiden Ln #905, New York, NY 10038.

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