Articles and audio on New York Probate
Believe it or not, we have clients to do not wish to accept their inheritance. Although extremely rare, there is actually no legal obligation to accept, and it’s completely okay to decline. There are often situations where it is best.
Quite often we are asked by family members and heirs what the process is to sell a deceased person’s home. It can be a complex and typically you should have a lawyer, but this blog shares a general understanding of how it works and what you can do to get started.
If you’ve done your research, you know that a good probate lawyer is not cheap. So how can you start your probate case even if you can’t pay now?
No, it’s not a good idea to have an out-of-state executor. Although it’s technically legally allowed, in reality an out-of-state executor causes tons of problems.
The second most common question about probate is: why does probate take so long? Lately, one of the biggest culprits is getting tax clearance.
We’ll discuss:
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So you need an estate checking account. Sounds easy enough, right?
We’ll discuss:
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You may think notarizing a doc is a piece of cake. Just go to a bank, pharmacy, or stationer, right? Not always…
We’ll discuss:
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How to Collect the US Account of a Deceased Foreigner
We help a LOT of non-US heir collect their US inheritance.
So, for example
– Aunt Barbara was a UK citizen, and lived/died in Spain
– But she had a few US bank and brokerage accounts >$200k
– How do Barbara’s nieces and nephews legally get their US inheritance?
In this high-level summary, we’ll describe:
Step 1: Go to local probate court
Step 2: Go to US probate court
Step 3: Get US tax clearance
And lastly, I’ll describe a few of the seemingly simply tasks that can cause surprisingly long delays
I understand it’s hard to get organized when someone has died. But as a professional executor for hundreds of families, I’ve seen how important it is to avoid legal, tax, and most importantly family problems.
Today we’ll cover:
6 things to do immediately
7 things to do within first week
2 things to do within month
5 things to do AFTER choose lawyer and executor
Lastly, I’ll share 3 power tips on how even following these steps may not be enough to avoid long-term problems
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Pick up my books on personal finance, probate, and executors. Reviews always appreciated!
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