Probate & Estate Administration Attorney Long Island
Law Offices of James Henry Dunne, Esq.
Nassau • Suffolk • Queens • Brooklyn • NYC
Call or Email Now for a Complimentary Consultation
516-483-7037
Nassau • Suffolk • Queens • Brooklyn • NYC
Call or Email Now for a Complimentary Consultation
516-483-7037
Knowledge • Experience • Efficiency • Integrity
Earning Trust By Exceeding Expectation
Maintain Family Harmony
Probate
Estate Administration
Probate
Estate Administration
After one passes away, their property will be distributed and transferred to others. To whom it is distributed, and how quickly that happens, depends on whether or not the deceased planned for this inevitability with a Last Will & Testament. James, as an Administrator, will handle this process. The way your Administration proceeds depends on several factors, including the extent of planning you have done beforehand.
Whether most people realize it or not, every person in the state of New York already has an estate plan. If you pass without a Will or Trust, you have died 'intestate' and the NYS laws of intestacy are triggered. With that said, when the distribution plan is explained, 8 out of 10 people do not agree with how their assets would be distributed, and wish for their assets to be distributed differently.
When the decedent plans ahead and leaves a Last Will & Testament, Administration is guided by the wishes of the deceased. It is of paramount importance to remember that when you die testate (with a valid Will), the court makes its decisions regarding the winding up of your assets using your Will as a guide. However, when you die intestate (without a Will), the court and NY state will decide how your assets will be distributed, often in no way reflecting your wishes and how you had hoped and expected your equity and property you spent a lifetime building to be distributed. The process is usually much more complicated, lengthy, and costly when the decedent dies intestate, so those that do receive your assets (and often need them) will likely need to wait.
The process of admitting a valid Will and proving its validity is referred to as Probate (or Probate Administration), while a similar process known as Estate Administration, occurs when a decedent dies without a Will (intestate).
Having an estate plan in place before you pass away will make Estate Administration easier, less costly, less stressful, and burdensome for your heirs and/or your family. James will find and notify beneficiaries, locate and gather the decedent’s property, evaluate the property to see if it belongs in the probate estate, manage estate assets, oversee payment for maintenance, insurance and the decedent’s debts, and distribute probate assets.
Call or Email Now for a Complimentary Consultation
Whether most people realize it or not, every person in the state of New York already has an estate plan. If you pass without a Will or Trust, you have died 'intestate' and the NYS laws of intestacy are triggered. With that said, when the distribution plan is explained, 8 out of 10 people do not agree with how their assets would be distributed, and wish for their assets to be distributed differently.
When the decedent plans ahead and leaves a Last Will & Testament, Administration is guided by the wishes of the deceased. It is of paramount importance to remember that when you die testate (with a valid Will), the court makes its decisions regarding the winding up of your assets using your Will as a guide. However, when you die intestate (without a Will), the court and NY state will decide how your assets will be distributed, often in no way reflecting your wishes and how you had hoped and expected your equity and property you spent a lifetime building to be distributed. The process is usually much more complicated, lengthy, and costly when the decedent dies intestate, so those that do receive your assets (and often need them) will likely need to wait.
The process of admitting a valid Will and proving its validity is referred to as Probate (or Probate Administration), while a similar process known as Estate Administration, occurs when a decedent dies without a Will (intestate).
Having an estate plan in place before you pass away will make Estate Administration easier, less costly, less stressful, and burdensome for your heirs and/or your family. James will find and notify beneficiaries, locate and gather the decedent’s property, evaluate the property to see if it belongs in the probate estate, manage estate assets, oversee payment for maintenance, insurance and the decedent’s debts, and distribute probate assets.
Call or Email Now for a Complimentary Consultation