The in terrorem clause, also known as a “no-contest” or “forfeiture” clause, is a provision commonly included in wills and trusts to deter beneficiaries from challenging the validity of the legal instrument. In New York, this clause is recognized and…
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…
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 the state of New York, the probate process can become complex when a decedent’s last will and testament cannot be found. In such cases, a “lost will proceeding” may be initiated to prove the existence and validity of the…
1.What should I do immediately after a relative dies in New York? Immediately after a relative dies, you should: Notify family and friends; Make funeral or memorial service arrangements; Obtain a death certificate from the funeral director; Secure the deceased’s…