Marchese & Maynard: Manhasset, NY Estate Administration Lawyers Easing the Burden on Grieving Families The loss of a loved one is a challenging time, compounded by the responsibilities of administering the deceased's estate. In New York, this often involves navigating the probate or surrogate’s court, a process that can be both time-consuming and costly. The court's role includes validating the will, distributing assets, satisfying creditors, and ensuring taxes are paid. Engaging an estate administration lawyer can simplify this process, easing the burden on grieving families. If you are dealing with the loss of a loved one and need assistance with the administration of trusts, wills, or other estate matters, our compassionate and dedicated attorneys are here to help. Main Steps of Estate Administration in New York While the steps of estate administration can vary based on the decedent’s wishes and documents, certain core tasks are common to nearly every case in New York. These include: Inventorying estate assets to determine their value Administering any trusts held by the decedent Paying debts owed to creditors Distributing remaining assets to beneficiaries as per the will or state requirements if no will exist Filing taxes with the IRS Common Problems Faced by Estate Administrators in New York Estate administration is fraught with legal nuances, and numerous issues can arise. Attempting to manage this complex process alone is not advisable. Consulting a trusted legal professional can help address and resolve potential problems, such as: Absence of a will Contested wills suspected to be invalid
Executors failing to fulfil their duties Creditor claims on the inheritance Decedent’s assets, such as real estate, spread across multiple states Beneficiary disputes, particularly in cases of intestacy Complications with estate taxes Benefits of Hiring an Estate Administration Lawyer Proper handling of each step in the estate administration process is essential to avoid additional stress on the decedent’s family related to legal issues concerning the will, taxes, or creditors. Hiring an experienced estate administration lawyer can significantly ease this burden by: Assisting in inventorying estate assets Protecting estate assets from creditors Minimizing estate taxes Resolving beneficiary disputes Interpreting and administering trusts Preparing and filing estate taxes Contact Marchese & Maynard Today For compassionate and knowledgeable assistance with estate administration, contact Marchese & Maynard. Our experienced attorneys are ready to guide you through this complex process and ensure your family's needs are met with care and professionalism.