Roles of Different Types of Fiduciaries: Part 2

Roles of Different Types of Fiduciaries: Part 2

Roles of Administrator cta and dbn of an Estate What is an Administrator c.t.a.? Scenario A: Georgia passed away in May 2018, a resident of New York County.  She was widowed at the time of her death, and she was survived by only her two adult daughters, April and...
Roles of Executors and Administrators of an Estate

Roles of Executors and Administrators of an Estate

Roles of Executors and Administrators of a NYC Estate Allison’s father, Kenneth, a Brooklyn resident, died in March of 2018.  Kenneth was a widower, but survived by his three (3) children, Allison, John, and Nathan. In his Last Will and Testament, he named Allison as...
PROBATE ASSETS vs. NONPROBATE ASSETS

PROBATE ASSETS vs. NONPROBATE ASSETS

PROBATE ASSETS vs. NONPROBATE ASSETS People often confuse probate vs. non-probate and taxable vs. non taxable assets. Probate assets are those that do not have a beneficiary designation. They are assets that were either not capable of being held jointly or were not...