Guidelines for Executors
When you’re named the executor of a will, you have to manage the affairs and settling of an estate. You have to initiate court procedures and help pay off creditors using the deceased’s assets. So…
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New York Administration Proceedings: What You Need to Know
In the case of someone in New York dying without a will, or intestate, many considerations are deliberated in connection with the appointment of an administrator for the deceased’s estate. Factors such as next of…
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New York Surrogate’s Court Bonds: What You Need to Know
Executors and Administrators in New York Surrogate’s Court are often required to post an estate surety bond in order to be appointed as a fiduciary. Whether a bond is required is usually within the judge’s…
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5 Things You Didn’t Know About Estate Planning
When you think of estates and estate planning, you probably think it’s just something that rich people do to pass their assets onto their children. But did you know that there’s a lot more to…
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What Happens if My Parents Die Without a Will?
It’s not uncommon for a family member to pass away without a will. Whether it’s because they don’t want to confront the end of their life approaching or simply don’t think they have enough assets…
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What You Need to Plan an Estate
Nearly everyone has some sort of asset they would like to pass on once they pass away. But if you don’t properly plan your estate, your assets may not pass to who you would prefer,…
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How is an Estate Administrator Chosen?
One main purpose of writing a will is to choose who will serve as the executor of your estate. But what happens if someone dies without a will? The court can appoint an administrator or…
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Closing the Estate & Estate Surety Bonds in New Jersey
Administrators of intestate estates or executors under a will are required, pursuant to N.J.S.A. 3B:10-23, to settle and distribute an estate “as expeditiously and efficiently as is consistent with the best interest of the estate.”…
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