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The Pause Can be Uncomfortable
We’ve worked, maybe raised families, contributed to our communities, built careers, invested, and made plans. Then, slowly—or maybe all at once—we realize that, at this point in our lives, our motivations have changed. We still care about the work we do and the people who need us, but we also feel a pull toward something […]
Many people are surprised to hear that a person’s debt does not simply go away upon his death. When someone passes away, his debts are typically owed by, and paid out of, his estate.
In New York, a proposed fiduciary may apply for Preliminary Letters, which allow them preliminary authority to make decisions on behalf of an estate.
In a landscape that is increasingly shifting “online,” non-tangible and virtual assets have become a meaningful and integral part of everyday life. If you are the executor of an estate, you should not be quick to overlook these.
When an estate sells a co-op, the process can be unexpectedly complex, particularly if the Executor doesn’t know what to expect. Luckily, an experienced estates attorney can help navigate you through the process.
When a person passes away in New York state with assets that are solely in her name, a legal representative needs to be appointed to manage her estate. The Surrogate’s Court of the county where that person lived prior to their death appoints these representatives and grants them authority to act.
While no two estates are the same, especially when the courts are involved, understanding the different steps of the process can give you an idea of what to expect and how significant your time investment may be.
When a party to a lawsuit dies, the court with jurisdiction over the lawsuit should pause the action until a representative is appointed for the decedent's estate.
A citation is a notice from the Court, requesting that you make an appearance in a pending proceeding. In Surrogate’s Court, this typically means that a Will is being offered for probate, or someone is seeking authority to act in an estate where you are a necessary party.
While cash assets held in checking and savings accounts can be more straightforward to transfer to an estate, navigating a decedent’s interest in shares of stock can be a daunting task.
An executor holds many important duties, and often must perform these obligations while navigating the grief of losing a loved one. Furthermore, complications such as advanced age or physical distance may make it difficult to perform the tasks required.
