An executor is a person that is tasked with overseeing the distribution of the estate of a decedent after he passes on. The task is never easy, and one has to consider a few issues that might arise to affect the whole process. Let us look at some of them: Scenario We have been named…
Details
Scenario My dad passed away a few weeks ago, leaving his entire estate to my sister and me. We have been thinking of selling some of the properties to get money for our upkeep. We are yet to start probate. What should we do? Probating your loved one’s estate may last a few months to…
Details
New York’s probate process is carried out in surrogate courts, overseen by a probate judge. When an individual dies, beneficiaries do not receive their inheritance until probate determines validity. As soon as probate starts begins, the surrogate court assumes the responsibility of overseeing the estate’s administration and distribution of the deceased’s estate. Probate is initiated…
Details
The New York statutes provide that the personal representative has to administer the estate of the deceased as expected. However, many people don’t know what to do when filing the estate in probate court. The function of this post is to help you with this process. You need to file all the requisite documents on…
Details
Allowing the decedent’s property and assets to go through probate can cost the beneficiaries a lot of money and rob them of their privacy. Probate facilitates sharing the decedent’s properties to the inheritors. The court chooses one person to make sure that the deceased relative’s assets are granted to the rightful heirs once his debts…
Details
The need to go through probate the probate court, and when this is required, are some of the questions people ask themselves when they lose a loved one. Laws and regulations relating to the probate process vary from one state to the other. You should consult the relevant attorneys within your area to determine whether…
Details
Scenario My dad contracted coronavirus while in hospital and died a few weeks ago. I am in isolation due to being a high-risk contact, and I’m really struggling to sort out the estate while being in the hospital. Should I be worried about losing my estate to an executor? Ethical issues arise in different situations,…
Details
Scenario My grandfather left his estate to my dad and me. However, he never named an executor in the will. Unfortunately, dad drained most of the accounts when grandfather was on his deathbed. Now the estate is headed to probate, what happens? The executor to a decedent’s estate is a fiduciary to the beneficiaries and…
Details
Scenario I lost a relative recently, but he left a will behind with the names of the beneficiaries to his estate. It is a large estate with numerous assets. We have been told that the estate has to go through probate, although the family feels this should be settled outside court. Since the case does…
Details
Scenario I lost a relative recently, and his estate has to go through probate. It is a moderate estate, with enough funds to pay the attorney and leave plenty of assets for the beneficiaries. I don’t believe that there will be any contests on the estate, do I still need to hire a lawyer? The…
Details