New York Trust & Estate Planning
State laws, costs, and planning strategies
$2,500–$6,000
Living trust cost
4–6% of estate (Surrogate's Court fees)
Probate cost
$6.9M
State estate tax
Required
Probate status
Overview
New York has a "cliff" estate tax similar to Massachusetts. The Surrogate's Court process can be lengthy and expensive. Trusts are strongly recommended.
Special Rules & Features in New York
- ⚡State estate tax starting at ~$6.94M (2024)
- ⚡Cliff tax — entire estate taxed if over threshold
- ⚡NYC residents may face additional planning needs
Create a New York Living Trust
Attorney-reviewed documents, state-specific provisions
Start with Trust & Will⚠️ This is general educational information, not legal advice. Consult a New York-licensed estate planning attorney for advice specific to your situation.