Probate is the legal process of paying a person's debts and expenses and distributing the remainder of the person's estate to those individuals designated by the deceased person's will, or according to the provisions provided by New York probate laws.
Upon the death of a decedent, the decedent’s next of kin should follow some basic procedures. First, they should locate the decedent’s Will. Second, if they do find a Will, they should identify and contact the named executor in the Will. Third, they should hire an experienced probate attorney who can initiate court proceedings as soon as possible to protect and secure the decedent’s assets.
If the decedent’s next of kin discover that the decedent has died without a Will, they should begin to have an administrator appointed to oversee the distribution of the decedent’s assets. New York law will also help determine who can qualify to be an administrator.
A Will — or Last Will and Testament — is a document that tells the court, your heirs, and any other interested party who gets your estate when you die. You may also name the person or persons you want to appoint to administer your estate. The individual or individuals you name are called your “executors." If you have young children, you may also name a guardian to care for your children and a trustee to manage their finances.
A Last Will and Testament is valid until it is changed or revoked. This requires a review of your Will every few years or after major life events to be sure your Will is up-to-date. Major life events may include:
An executor is the person named by the creator of the Last Will and Testament (the testator) to carry out the terms and provisions of the Will.
The executor's legal responsibilities include: