Tags Archives: Probate a Will NY

3 years ago Lawyers

How To Probate A Will In NY State For Dummies

This term might sound a bit odd to some people. Also, there is this inherent fear executors have as regards to probating a will. However, this isn’t meant to be so. Probating a will serves a very specific purpose; one which we will be explaining in details below.

Firstly, probating a will at a local NY surrogate court is a legal process in which the estate settlement of a deceased person is taken care of by the presiding judge of a state. This settlement will have to be in line with the laws of the state. The probate process can be a bit lengthy and complicated, but no need to worry. With the help of this article, you will understand the step-by-step procedures of will probation.

1. Ascertain If A Probate Is Necessary

This survey kick starts the entire process. Probate is only necessary if the estates in question were individually owned by the deceased, or if there was joint ownership with another party. The only time probate will not be necessary is if the property in question is designated to a beneficiary, or belongs in a trust account.

2. File a Petition with A Probate Court

A probate petition will be filed with the clerk of courts of the area of residence. The executor of the property will then be mandated to get a probate bond. This bond will assure that the federal and state laws will be complied with by the executor. The court will then verify the will, thereby making it accessible for probation.

3. Oath Taking By the Executor

A formal swearing ceremony of the executor will be held. After the oath-taking, a testamentary letter will be given to the executor. This letter will alert other parties that you have full custody of the estate, and can therefore act under the estate guidelines.

4. Alert the Public

The executor will be expected to send out a broadcast as regards the death of the estate owner. This broadcast will alert potential heirs and beneficiaries of the estate about the death of the property owner. This alert will also give outsiders an equal chance to contest their share in the property.

5. Property Valuation

The executor will take a statistical record of the deceased’s estate. These records will give the executor an idea of how much the estate costs, and how much tax expenses are made as well as the cost of the mortgages, among other things.

6. Settle pending Taxes and Bills

The executioner must also take care of outstanding bills and taxes of the estate, to ensure that the properties are not in debt during the probate procedure. Expenses may vary as regards to the property valuation.

7. Asset Distribution

With the help and judgment of the court, the assets of the estate will be evenly shared to the beneficiaries and heirs to the estate. The court will also ensure the executioner is fair in the estate distribution.

Probate Conclusion

The court will then close the case. This closure will complete your job as an executor.

About Lawyersdirectoryusa

In the United States of America, it is not all that difficult to find the right lawyer or attorney to give you legal advice or contest your case in the courts. This is because there are many different directories and registries that carry the details of numerous legal firms that take both civil as well as criminal cases.
Lawyersdirectoryusa lawyer directory is one of the best tools to have. Our directory lists experienced and qualified professionals to help you through your legal problems.

Like us on Facebook

Contact us for Paid Advertising

Legal Guest Blog Posting

Most Popular Cities, States and Counties to Find Attorneys

Lawyersdirectoryusa. Home