Tag Archives: Probate process in New York
Using Living Trusts to Avoid or Minimize Probate
Anyone who owns a real estate, has substantial bank accounts and investments or possesses other valuable property needs to consider the possibility that these assets will go into probate — the legal process that decides how a decedent’s estate will be distributed at death. Probate can be expensive, time-consuming and prone to complications. Fortunately, there […]
How Does the New York Probate Process Work?
What happens to your property when you die? If you have a will, your estate may have to go through probate: the legal process for distributing your assets, disposing of your debts and carrying out your final instructions. In the state of New York, the probate process takes place in Surrogate’s Court, usually in the […]