Opening a Safe Deposit Box After Death

Opening a Safe Deposit Box After Death

Opening a Safe Deposit Box After Death in New York City Banks will often seal a safe deposit box following the death of an owner (or co-owner). Pursuant to SCPA 2003, An “interested party” (e.g., spouse, beneficiary, fiduciary) may access the box for...
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...
PROBATE ASSETS vs. NONPROBATE ASSETS

PROBATE ASSETS vs. NONPROBATE ASSETS

NONPROBATE ASSETS vs. PROBATE ASSETS People often confuse nonprobate assets and probate assets. They also often confuse 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...