Who is Executor if There’s No Will?
Transcript:
Who is executor if there’s no will?
If there’s no will, the process is called administration instead of probate and the person in charge is called the administrator instead of the executor.
In New York, the order of priority for who can serve as administrator is spouse, child, grandchild, parent, sibling, nieces and nephew, grandparents and so on.
There are a couple of requirements.
First, the administrator can’t be a felon.
Second, the administrator must have excellent credit in order to qualify for a bond.
And third, the administrator must be a U.S. citizen or live in New York.
And practically speaking, the administrator should be in New York because a lot of his duties require in-person presence.
We offer professional executor services for situations where you can’t meet all of those requirements or you’re simply too busy and don’t have the time to serve as executor yourself.
Hope you found this helpful. Take care now.
[Previously posted on YouTube]
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