When it comes to estate planning and the distribution of assets after a loved one's passing, the role of a probate lawyer cannot be overstated. These lawyers specialize in navigating the legal process of probate, ensuring that the wishes outlined in a will are carried out smoothly and efficiently. If you reside in Queens, it is crucial to select a reliable probate lawyer to handle your estate planning needs. This Read More
Tips for First-Time Trustees
Being appointed as a trustee is an honor, but it also comes with significant responsibilities that may catch those unfamiliar with the process off-guard. The process often seems complex at first, especially because trustees have a fiduciary duty to manage and protect the assets of a trust while balancing the expectations of the beneficiaries. However, with the right guidance and preparation, even first-time trustees Read More
Why Queens Residents Need a Skilled Property Lawyer
Whether you are buying or selling a property, entering into a lease agreement, or facing a property dispute, having a skilled property lawyer by your side is crucial. In Queens, where real estate transactions and property matters can be complex, relying on the expertise of a proficient property lawyer can make all the difference. Read More
Administrator Removal: How to Do It the Legal Way
Very often, it happens that the beneficiaries aren't satisfied with an administrator. Whether they aren't happy with how they handle the probate process or how they breach their fiduciary duties, this can become a ground for removing an administrator. But do beneficiaries have the right to challenge the administrator's actions in court? Can heirs request the removal or replacement of an administrator? This blog Read More
The process of administering an estate
New York residents who are preparing their wills or who have learned that they have been named executors under an existing one may wonder what is involved in being an executor and what responsibilities the position has. The duty of an executor is to gather assets, pay off debts and distribute assets to the beneficiaries. The executor's duties can be broken up into a number of smaller steps. The executor must first Read More
Court of jurisdiction for trust administration in New York
The court that will have jurisdiction over trust matters does not depend on where the testator of a will creating the trust was domiciled. Similarly, a lifetime trust does not depend on the domicile of the grantor if the contained real property and assets exist in New York. When a trustee administers an estate, he or she will be responsible for paying the taxes, investing the assets wisely and distributing Read More
What are the responsibilities of a fiduciary in New York?
A fiduciary is a person who is responsible for administering the estate of a deceased person. Depending on the circumstances, some fiduciaries will be referred to as executors, and some will be called administrators. An executor is a person who was named specifically in the deceased person's will as the individual who would be charged with managing the estate. When a person dies who had no will, the court will Read More
