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New York Estate Administration Tip

Estate Planning Lawyer Bergen County, NJ

Important New York Surrogate's (Estate) practice tip for Intestate Estates You can find New York estate distribution laws in EPTL 4-1.1 - 4-1.6 (https://www.nysenate.gov/legislation/laws/EPT/A4P1). However, if you want to be in charge, that is more difficult. This is because not everyone who inherits under EPTL is able to petition for letters of administration. To be eligible to petition, you also need to be a pretty close relative aka next of kin. Relatives who are able to petition are: a)  spouse, b) children, c) grandchildren, c) parents, d) siblings, e) aunts and uncles,…

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DUTIES AND RESPONSIBILITIES OF ESTATE EXECUTOR OR ADMINISTRATOR

If you are approached by a family member or a friend and asked whether they may appoint you in their last will and testament as the executor of their estate, you natural first reaction is "What does does mean to me?" In another scenario, you may be faced with a death of a loved one, where you may be the only one required or willing and able to settle financial affairs of the deceased. Whether by choice or by circumstance, you should know what you are getting yourself into. Below are a…

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