Guiding You Through Probate And Estate Administration Issues In All Their Forms
After your loved one passes away, the logistical issues can be overwhelming. The burden does not stop at planning funerals and memorials; you will need to manage their estate as well. For some families, their loved ones leave them with a will or trust that tells them how to manage the estate, but for others, there is no plan in place at all. Either way, managing the process without aid is a lot to manage. Our firm helps families across New York manage estate administration and probate issues so that families can focus on healing.
An estate plan should be unique to you and your wishes. There are many pieces that comprise an estate plan. Wills and trusts are just two components. Health care proxies and powers of attorney and special needs trusts are just a few other estate planning tools.
At Korsinsky & Klein, LLP, we will work extensively with you to make certain that you are in compliance with legal regulations and that your estate is distributed accordingly. Contact our office and give yourself much needed relief.
What It Means To Execute An Estate
Executors are individuals who are responsible for distributing an estate in accordance with both the law and the decedent’s wishes. If there is no will, the executor must manage the estate according to a process called probate. Regardless, there is a slew of regulatory and tax considerations involved.
Executors are responsible for:
- Finding and collecting all estate assets
- Obtaining an estate identification from the IRS
- Opening an estate account
- Managing estate assets
- Paying any debts or taxes owed on the estate
- Reimbursing any reasonable funeral expenses
- Awarding compensation to the executor for his or her time
- Distributing the remaining assets to the beneficiaries as described in the will
- Transferring the estate property
- Carrying out official closure of the estate
Estate administration can be complex and time-consuming. Our attorneys help you expedite the process, manage it efficiently and ensure compliance with your legal obligations.
Common Issues With Estates Can Cause Lengthy Disputes
Although the probate process can be relatively straightforward, it is not uncommon for disputes and will contests to arise. When family members feel as though they have been unreasonably left out of a will, when they believe that a will was created fraudulently or when it is believed that the decedent was not of sound mind, a normally straightforward legal process can become extremely convoluted. Our experienced New York probate lawyers will represent you through the probate process and address any disputes that may arise.
Korsinsky & Klein, LLP, Is Here To Support Your Probate And Estate Administration Needs
At Korsinsky & Klein, LLP, we take the time to listen to our clients. We know that there can be few things more stressful than having to come to terms with the death of a loved one, so we strive to make the process of probate and estate administration as easy as possible. When questions arise over the distribution of property or when you have concerns about the process, our legal team will be at your side, ready to address your needs compassionately and patiently.