Guidance On All Aspects Of New York Estate Administration
As we look back on the lives of our loved ones at the end of their journey, we are often reminded of the challenges they faced and the victories they fought for along the way. However, death is not the end of their legacy. Through careful and compassionate administration of your loved one’s estate, their legacy can be passed on to the ones they love and in honor of their final wishes.
Clarity Through The Uncertainties Of Estate And Trust Administration
Dealing with the burden of unsettled legal and financial matters can feel insurmountable while in the midst of coping with the grief and pain from the loss of a loved one. Simply knowing where to begin can feel like an overwhelming task.
At Vella, Carbone & Associates, LLP, we provide guidance and counsel through the probate or administration process, making it easier to ensure your loved one’s final wishes are satisfied and all legal obligations are met.
Understanding Which Path Your Loved One’s Estate Will Take
There are several paths to administering trusts and estates in New York:
- Voluntary administration, a simplified court proceeding for estates with personal property valued at less than $50,000
- Formal probate proceedings for more substantial estates, which involves distributing your loved one’s property in accordance with their will (or with state law, if they didn’t have an estate plan)
- Estate administration outside of probate for assets that can be transferred pursuant to beneficiary designations or jointly held titles (life estates, joint tenancies and tenancies by the entirety)
- Trust administration, which involves a trustee adhering to the terms of the governing trust
- Estate litigation for disputes that arise during the course of probate or trust or estate administration
No matter which path your loved one’s estate takes, our lawyers are here to see you through the process from start to finish, ensuring that you get the knowledgeable guidance you need to make informed decisions along the way.
Discuss Your Next Steps Today
Whether your loved one left a small or a significant estate, our lawyers can help you administer the estate as efficiently and compassionately as possible. Learn more by calling 518-257-7304 or contacting us online. Based in Delmar, New York, we work with clients throughout Albany County and the Capital Region.