If you use a will to record your final wishes, you would name an executor to act as the estate administrator. Under the laws of the state of New York, the executor would not be able to complete the tasks independently without supervision. The will would be admitted to probate, and the Surrogate’s Court would […]
probate
Estate Planning 101: The Simple Will
The simple will is the most common estate planning document, but a lot of people do not understand the details, limitations, and drawbacks. In this post, we will provide an overview so you can go forward with enough knowledge to make more informed decisions. Basic Purpose Everyone is aware of the fact that you can […]
Are All Estate Transfers Subject to Probate?
If you use a will to state your final wishes, it would be admitted to probate, and the court would supervise while the executor is administering the estate. This court will also preside over intestacy matters. When a person dies without a will or a trust, the estate has to be sorted out somehow, and […]
Living Trusts: What Are the Benefits in NY?Â
Revocable living trust benefits in New York are considerable, and far too many people overlook this option. They have been led to believe that a simple will is the best asset transfer method to use unless your estate is very complex. In reality, this is simply not the case. In this post, we will look […]
Have You Considered the Estate Administration Process?
A lot of people try to reduce estate planning to a single action. You record your final decisions regarding the way you want your assets to be transferred after your passing. When the time comes, everything falls into place, and your wishes will come to fruition. In reality, there are hands-on tasks that must be […]
Five Things You Should Know About Probate
Probate is the legal process of “proving up” a Will in the state of New York. If you have never looked into the subject, you may assume that the executor that is named in a will can distribute assets to the inheritors without any government supervision. In fact, this is not the case at all. […]
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