based on what you have said, your father died without a will. As a result, his next of kin have a right to apply for letters of administration. In...

New York: Trust

Yes he can. he must file a renunciation pursuant to the terms of EPTL 2 — 1.11. This basically involves the preparation of a written renunciation...

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The Crummey (based on a court decision, The Matter of Crummey) letter is a notice to beneficiaries that funds have been placed into the trust....

As long as 7 months have passed since the executor was appointed, and the executor is satisfied that all liabilities have been accounted for, the...

When an heir is a minor, suffers from a disability or cannot be found, a GAL will always be appointed to represent the heirs interests in the ...

NY does not "require" a you to file a final accounting. However, if one is not filed, the statue of limitations for claims against the estate...

Right to request Final Accounting of a probated Will.

Not only are you entitled to an Accounting, the Executor has virtually no defense to the request. The degree that participated is irrelevant. In...

Can I still qualify for real estate tax relief if I put my house in trust? I am a very low income senior.

This is a very state specific question. In NY, property transferred to a trust can keep all exemptions as long as you are living in the house.

Can creditors recover any money from a irrevocable Supplement Needs Trust?

In NY, a self settled trust is always subject to claims of creditors.Of course, they have to know the whose money is in the trust. The NY Law...

New York has a statutory fee schedule for Trustees. The commissions are based several factors; principal on hand, income received and distributions...