Seven-Month Timeframe for Creditors During Estate Administration

When someone passes away and their loved ones need to collect their assets, they will sometimes need to be appointed a fiduciary of the estate. The fiduciary of an estate oversees the collection of the decedentโ€™s assets, paying their creditors, and distributing what remains to the estateโ€™s distributees or beneficiaries.  The fiduciary is be appointed […]

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Who Can Administer an Estate When No One is Willing

Your โ€œprobate estateโ€ is all the property you own at your death that did not pass automatically through a trust or beneficiary designation.  When you die, your estate must be administered โ€“ this is the collection and management of estate assets, paying your debts and taxes, and finally making distributions to your heirs or beneficiaries.  […]

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The Probate Process in Brooklyn, Simplified: An Attorneyโ€™s Advice

With the loss of a loved on, there are many important decisions which need to be made. Arranging the funeral, dealing with the burial, and eventually administering the estate are three of the major issues that the family has to deal with. This article provides an overview of the process known as probate, specifically in […]

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