New York Estate Settlement can be complicated by many different factors. After a person dies a fiduciary such as an Executor or Administrator will be appointed to handle estate affairs. The New York Probate Lawyer Blog has provided numerous posts discussing the procedure to appoint an estate fiduciary. In short, where a decedent leaves a Last Will, the Will is submitted to the Surrogate’s Court for probate. When the Will is admitted to probate an Executor is appointed who is responsible for estate settlement.
When a decedent does not have a Last Will he is deemed to have died intestate. An Administrator is appointed for intestate estates. Typically, the Administrator is one or more of the decedent’s next of kin called distributees. The distributees, according to their relation to the decedent, have priority to be appointed as an Administrator. Continue reading →