An executor of a will has many important responsibilities they must handle. This person will assume your role in financial matters after you are gone to ensure debt repayment, disperse inheritances, and other tasks. Because the role is so crucial to your estate and...
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Exercise patience when serving as executor
In New York and most other states, the executor of an estate may not need to take immediate action after someone passes away, but many do. It is important for executors to take some time to grieve and recover emotionally. This makes it easier to proceed with a clear...
Understanding probate basics
Every estate planner should be familiar with the probate process, what it is and how it works. Probate is the process of transferring the estate planner’s property after death. Sometimes the process is referred to as probating the will which should include the...
Managing an estate when no will exists
If there is one thing that readers of this New York estate planning blog should take away from its many posts it is that everyone should have an estate plan. An estate plan does not have to be a complicated scheme of inheritance and conditions: estate plans need only...
Managing an estate when the decedent had debts
The word "debt" often has negative connotations. Debts can be burdensome, long-lasting, and can affect the ways that New Yorkers spend and save their money. However, some debts, while not necessarily good, are not as negative as others. For example, when a person...
How a decedent’s will is managed during probate
Some readers of this New York estate and long-term care planning legal blog may perceive a contradiction in the world of wills and probate. On one hand, it is often advocated that individuals should create and execute wills so that their testamentary wishes are...
The estate inventory and paying a decedent’s creditors
There are many issues that must be dealt with when a person passes away. If they have taken the time to create a comprehensive estate plan, their loved ones may have an easier time working through the management of their assets and the settlement of their estate....
How to choose an estate administrator
Planning for one's own long-term care and estate management can be a daunting task. The law firm of Enea, Scanlan & Sirignano offer estate planning legal services to New York residents who wish to secure legal assistance with these and other important...
Options for avoiding the probate of estate assets
When dealing with estate assets, it is a necessary to go through a legal process. Probate involves the collection and distribution of a decedent's assets in accordance with their will and other estate planning tools. In New York, the elements of a person's estate may...
What is probate?
When developing an estate plan, there are some things to keep in mind and there are some things to avoid. Typically, one is told they want to avoid high costs associated with the execution on an estate plan following his or her death; thus, they are told avoiding...
