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Holland Ilene Mcburns

Holland Mcburns’s Answers

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  • I live in WA. I own a deeded time share in NY worth approx 40K. When I die, is probate required in NY?

    My overall estate vaue is over 40K

    Holland’s Answer

    Owning property in multiple states can lead to what is called "ancillary probate" which is a probate proceeding that is required in addition to the probate proceeding in your home state. This can be costly and time consuming. Some ways to avoid ancillary probate are 1) titling property in joint names with your spouse 2) titling property in joint names with others and 3) titling property in the name of a revocable living trust. I would suggest that you contact an estate planning attorney for a consultation.

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