When Your Executor Isn’t Meeting Expectations: How to Handle Mistakes in Estate Administration
The executor of an estate plays a crucial role in managing and distributing a person’s assets after they pass away. But what happens when the executor is making mistakes or failing in their duties of estate administration? It’s a delicate and stressful situation, but one that can be addressed legally and ethically. Recognizing an Inefficient […]
Estate Planning with Your Parents
Estate planning is one of the most challenging topics to discuss with our parents. Just bringing the topic up can be daunting. Despite the challenging nature of this subject, it is one of the most important conversations we can have with our parents. Having an estate plan in place can reduce confusion and anxiety at […]
What Is the Process of Administering an Estate in Court?
The probate process entails judicial officials, such as probate judges, processing the will of a decedent. State probate laws may vary, but the general process is similar across the country. Probate is the process of proving a decedent’s will. A probate judge will also oversee cases where the deceased person did not prepare a will, […]
What commissions are an Executor or Administrator entitled to?
An Executor or Administrator of a decedent’s estate is entitled to a commission. The job of the Executor or Administrator is to gather all the assets of the decedent, pay the liabilities, and distribute the funds according to the decedent’s Last Will & Testament or according to the intestacy rules of New York. The executor […]
Who has priority to act as Administrator of an Estate?
If a person dies without leaving a Last Will & Testament, that person is said to have died intestate. To learn more about who would inherit according to intestacy, read “What Happens if I Die without a Will?” When a person passes away without a will, a person needs to be appointed to marshal the […]