The death of an individual creates many diverse issues. As discussed in numerous posts in the New York Probate Lawyer Blog, an initial determination must be made as to whether a decedent died with a Last Will and Testament or was intestate. The existence of a Will requires the commencement…
The settlement of a New York estate can be very complex based upon a number of factors. To begin with, different rules apply where a decedent died with a Last Will and Testament as opposed to an intestate estate. In the case of a Will, the distribution of estate assets…
There are many issues which a New York estate administrator may need to deal with. The basic function of an estate executor or administrator involves identifying and collecting assets and resolving claims and other obligations affecting an estate. The New York Probate Lawyer Blog contains many articles describing various aspects…
In New York there are many different types of residences that may have been occupied by a decedent. The settlement of an estate may be impacted by the nature of such home. For instance, a person may have been living in a rental apartment, or in a cooperative or condominium…
Time after time, estate executors and administrators seem to be confronted by a common problem – the sale of estate realty occupied by a family member. The duty or obligation of the estate fiduciary is to collect and protect the estate assets and satisfy the decedent’s debts and obligations and…
The settlement of an estate typically focuses on the protection and collection of estate assets. These assets may include bank accounts, retirement funds and other financial holdings. However, the major asset in most estates is an interest in real estate. Real estate may be in the form of a single…
Many decedents’ estates contain assets in the form of real estate. A decedent may have owned a home or rental property or a commercial building containing a business. Such items are typically the most valuable items among the decedents’ assets. If a decedent left a Last Will, such document may…
A New York decedent may have many different interests in property and assets. Such interests may include real estate such as a residence and financial and bank accounts. These assets are disposed of after death through a number of methods. There may be a Last Will and Testament which, after…
A New York Estate is usually comprised of many different types of assets. There can be bank accounts, brokerage accounts, retirement funds, and business interests in the form of limited liability companies, partnerships and corporations. However, one of the most common and valuable assets of an estate is real estate.…
An Article 81 Guardian appointed to safeguard the person and property of an incapacitated person may need to deal with an assortment of issues. Similar responsibilities are given to the Executors and Administrators of an estate. In particular, the property interests of both an incapacitated person and a decedent’s estate…