If a loved one or friend has asked you to execute their will, chances are, like most people, you’ve said yes. Now what? Understanding the Duties of an Executor Executing a will is a legal… Read Moreabout Be Prepared: How To Execute a Will
Just as family conflicts and miscommunications can be a challenge in life, so too can they create difficulties upon death. Read on for practical, expert advice for those who may feel they have been slighted… Read Moreabout When Can a Will Be Contested?
A trustee must follow the prudent investor rule in managing the assets of a trust. Keep in mind: this is a process-based standard—not a performance-based one. Investing Trust Assets Volatile markets present unique challenges to… Read Moreabout What’s a Trustee To Do: Facing Volatile Markets
Protecting the Vulnerable: Fiduciary Duties and Bonds Explained When someone cannot make sound decisions for themselves, a court can appoint a fiduciary to do so. Often, courts require fiduciary bonds to protect “the ward.” Safeguarding… Read Moreabout Protecting the Vulnerable: Fiduciary Duties and Bonds Explained
When a person dies without a will, probate courts rely on intestate succession laws to distribute the assets to heirs. Court-ordered fiduciary bonds can become important in this process. Who Gets What? If there is… Read Moreabout Understanding Intestate Succession and Fiduciary Bonds
Many people have their first—and sometimes only—experience with the law in a probate court. Here is what to anticipate if you find yourself there—and in need of a probate bond as well. What Is Probate… Read Moreabout Understanding Probate Court and Probate Bonds
Individuals chosen to be fiduciaries, administrators, and executors within the Empire State are typically required to post a surety bond. Surrogate’s courts require fiduciaries to obtain such a bond to safeguard the interests and affairs of the… Read Moreabout What You Need to Know About New York Surrogate’s Court Bonds
