When a person passes away without an estate plan of any kind, or even with a will, the estate must go through a process called probate before assets can be distributed. In New York, this takes place in the Surrogates’ Court. The probate process is quite often frustrating, unnecessarily expensive and time-consuming.
Perhaps you have heard about probate and wonder what is involved in administering an estate through probate? While every situation is different, here is what is required in a “typical” probate:
- Filing a petition with the probate court
- Notice to heirs named in the will or, if there is no will, to statutory heirs
- Petition to appoint an Executor (if there is a will) or an Administrator
- Inventory and appraisal of all estate assets
- Payment of estate debt to creditors
- Sale of estate assets
- Payment of estate taxes
- Final distribution of assets to heirs
Accomplishing all of this would be difficult enough without the grief that accompanies losing a loved one. We understand this and are sensitive to your emotions. We will provide close, personal attention to you and handle every aspect of the administration process for you. You can trust our family-owned firm to take good care of your family. You are not alone during this difficult time. We are here to assist you. Contact us today for a personal meeting.