When it comes to estate planning, one of the most important decisions you will make is selecting an executor or trustee. These individuals will be responsible for administering your estate or trust, ensuring your assets are distributed according to your…
The New York Estate, Powers and Trusts Law (EPTL) is a comprehensive body of legislation that governs the creation, administration, and termination of trusts and estates in the state of New York. One of the key sections within the EPTL…
Fiduciary Accountability In New York, a fiduciary is an individual or organization entrusted with the responsibility of managing the property and assets of another party. Fiduciaries include executors, administrators, and trustees. They have a legal obligation to act in the…
What is probate? Probate is the legal process through which a deceased person’s estate is administered and distributed. This process involves validating the deceased’s will (if one exists), appointing an executor or administrator, paying outstanding debts and taxes, and distributing…
In today’s digital age, our online presence has become an integral part of our lives. From social media accounts to cryptocurrency wallets, we continue to accumulate a myriad of digital assets. But what happens to these assets when we pass…