The Russo Law Group, PC’s legal fees are based on the legal services performed, the complexity of the matter, and the value to the client.  Our goal is to create an ongoing relationship with our clients and their families.  We believe in Transparency.

There are several different billing methods: fixed fees, hourly fees, and contingency fees. Some of the Law Firm services are based on fixed fees, while other services may be based on the Law Firm’s hourly rates.  There are a few matters where the Law Firm is agreeable to a contingency fee arrangement. Every client matter is evaluated on a case by case basis in order to determine a fee that is mutually fair.

If you are interested in a fee quote regarding your particular matter, please contact the Russo Law Group, PC at 516-683-1717.

The following is a guideline to the Law Firm’s legal fees:

Initial Client Meeting.  The client will meet with one of our experienced attorneys for up to 1 ½ hours.  At the meeting, the attorney will listen to the client and clearly identify the issues, review existing legal documents, advise the client as to the options available and, in most cases, create an action plan. The fee for this planning meeting is $400.

Estate PlanningThe Law Firm’s fees are generally a set amount based upon a client’s particular situation.  The fee for your estate plan, which includes essential estate planning documents, is based on the knowledge, experience and value that the Law Firm provides to you.

  • Advance Directives – allow you to appoint someone you trust to make health care and financial decisions for you if you become unable to do so.  Having comprehensive advance directives will likely avoid family conflicts and the need for a guardianship, which can be timely and costly.  Advance Directives include a Durable Power of Attorney, Health Care Proxy, Living Will, HIPAA Designation, and Burial Designation: $1,500 for an individual and $1,750 for a couple.
  • Last Wills and Testaments –  in your Will you decide who will inherit your estate, you will name someone to handle the administration of your estate and you can provide for loved ones in a protective way.  For estates not subject to estate taxes: $1,750 – $3,500.
  • Last Wills and Testaments, with sub-trusts –  Wills that are designed to save, and sometimes eliminate, estate taxes, which can be 40% or more: $3,500- $5,000.
  • Revocable Trusts – a revocable trust is typically established to avoid probate, which can save time and legal fees to your family (See Trust and Estate Administration below): $3,500-$4,000.
  • Irrevocable Trusts – an irrevocable trust can be established to protect assets and reduce or eliminate estate taxes: $3,500- $7,500, depending upon the type of trust involved.
  • Medicaid Asset Protection Trusts – a Medicaid Asset Protection Trust can be established to protect your residence and or a portion of your liquid assets from the costs of long term care illness (ie, nursing home): $4,500 – $5,500.
  • Special Needs Trusts – a trust established for the benefit of a loved one who has special needs to preserve their government benefits: $3,500-$4,000.
  • There is a separate fee for funding of trusts, depending upon the assets involved.

Estate Tax Planning.  When planning for a client with a taxable estate ($5,250,000 for New York State, effective April 1, 2017), the type of estate plan recommended will directly impact the fee.  This type of planning can save up to 40% – 50% for your heirs.  Generally, legal fees will range from $5,000 to $15,000.  In more complex estate plans exceeding $5,490,000 for a single individual, the fees will be determined, on a case by case basis, and can exceed $15,000.

Medicaid.  The Law Firm can advise clients as to Medicaid eligibility and assist with the preparation and filing of a Medicaid application for home care or nursing home care.  The Law Firm’s services may include obtaining necessary documentation, analysis of asset transfers, restructuring of assets to qualify for Medicaid, spousal refusal, analysis of Medicaid income budget, assistance with nursing home placement or coordination with a Managed Long Term Care Provider and advising the client as to available resources and care services in the community.

The Law Firm reviews the client’s situation and the complexity of the matter and determines a minimum fee subject to the time expended and the Law Firm’s hourly rates.  Generally, fees can range from $3,500 to $5,000 for Community Medicaid and $7,500 to $10,000 for nursing home Medicaid.  Further, the Law Firm can advise the client as to Pooled Income Trusts for a fee of $1,250 – $1,500.

Trust and Estate Administration (including Probate).  The Law Firm will outline the administration process which may include Probate, the appointment of Executor, assistance to the Executor or Trustee in the collection of assets, payment of debts and expenses, the filing of tax returns and the distribution of the estate assets. Generally, fees will start at $5,000, and may range between 2% and 5% of the gross estate (which includes both probate and non-probate assets) plus disbursements.

The Law Firm can also represent the Executor or Trustee regarding any family disputes that may arise during the administration.  The fees for the Law Firm’s services are determined on a case by case basis.

Real Estate Real Estate matters such as the purchase or sale of a personal residence are based on the hourly rates of the attorneys and legal assistants.  Generally, the legal fees for a sale or purchase of residential real estate will range from $1,500 to $3,500.

Disclaimer.   All Legal fees are determined by the Russo Law Group, PC on a case by case basis. The above outline is merely a general reference guide to the customary legal fees charged by the Law Firm, and is no way intended to be a legal fee quote. 

If you are interested in a fee quote regarding your particular matter, please contact the Russo Law Group, PC at 516-683-1717.