Dealing with the death of a loved one in New York can be an emotionally challenging time. It is critical for family members to use the immediate aftermath of a death to grieve, but there is another matter that should also be considered: finances. Managing estate administration & probate in the wake of a family death can seem overwhelming, but our attorneys can help ease the transition and allow you to avoid many of the legal issues that hinder other families.
If you have been named as an estate administrator, it is critical to work with a reliable legal team who can help you fulfill your duties and comply with the law. Our team of experienced attorneys can help you learn more about managing the probate stage of estate administration, in which the estate enters the court system. During this process, the decedent’s will and estate planning documents are assessed and administered. Direction is provided for paying debts and liabilities, and assets are distributed according to the valid estate plan.
What happens, however, when someone does not have an estate plan when they die? In that situation, the person’s estate is known as “intestate.” Do not despair; although the intestate process might sometimes be longer than administering an existing estate plan, fair distribution of property can still occur. In those cases, courts rely on New York state laws to distribute property.
Dealing with a loved one’s estate after his or her death does not have to be a challenging ordeal. With the help of a knowledgeable legal team, you and your relatives may be able to quickly and efficiently achieve distribution of assets. Even intestate estates can be quickly disposed of with the right legal strategies and techniques.
Source: Weinstein Randisi, “Rochester Probate Administration Lawyers” Aug. 26, 2014