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Executor Duties

Recent Posts in Executor Duties Category

  • HOW CAN AN ESTATE MAINTAIN A WRONGFUL DEATH LAWSUIT ON A DECEDENT'S BEHALF? PART 2 OF 3

    As discussed in the previous blog entry, the New York Estates, Powers and Trust Law (EPTL) establishes the statutory procedures that personal representatives, administrators and executors must follow when filing wrongful death lawsuits. The EPTL provides mandatory statutes of limitations or time limits in which a personal representative can sue someone on a decedent’s behalf for wrongfully causing ...
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  • HOW CAN AN ESTATE MAINTAIN A WRONGFUL DEATH LAWSUIT ON A DECEDENT'S BEHALF? PART 2 OF 3

    As discussed in the previous blog entry, the New York Estates, Powers and Trust Law (EPTL) establishes the statutory procedures that personal representatives, administrators and executors must follow when filing wrongful death lawsuits. The EPTL provides mandatory statutes of limitations or time limits in which a personal representative can sue someone on a decedent’s behalf for wrongfully causing ...
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  • HOW CAN AN ESTATE MAINTAIN A WRONGFUL DEATH LAWSUIT ON A DECEDENT'S BEHALF? PART 1 OF 3

    Unfortunately, quite often a decedent’s death does not occur because of natural causes. Natural causes include dying of old age, dying from a terminal illness or life-ending illness or from a preexisting medical condition. If you die from a wrongful act, a family member, spouse or your personal representative has the right to sue someone on your behalf. This blog series covers your personal ...
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  • NEW YORK LAW AND EXECUTORS' RIGHTS AND DUTIES: PART 3 OF 3

    Continuing the discussion from the first two blogs in this three-part blog series covering the important duties that executors have in New York, this last blog covers the executor’s final duties. Under New York law, an executor can become personally liable for repaying creditors if they distribute a decedent’s assets before properly accounting for all of the decedent’s creditors. As an executor, ...
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  • NEW YORK LAW AND EXECUTORS' RIGHTS AND DUTIES: PART 2 OF 3

    Continuing the discussion from the first blog of this three-part series, executors should understand their legal duties. An executor has very significant legal obligations. Under New York law, executors must inventory a decedent’s assets, pay debts and funeral costs, and pay taxes and administration costs. An executor may be liable for several years until they wind up the entire estate and receive ...
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  • NEW YORK LAW AND EXECUTORS' RIGHTS AND DUTIES: PART 1 OF 3

    An executor is the person or company responsible for administering a decedent’s Will . Sometimes referred to as a personal representative, the decedent has the discretion in appointing a trustworthy person or company to administer his or her last Will and Testament. If you die without a Will, a court will appoint one on your behalf. Your executor is entitled to receive a reasonable compensation ...
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  • WHAT IS WILL ADMINISTRATION?

    When an individual dies, his or her financial life must be wound down. If that person died with a will or a living trust that was not fully funded, will administration is required. Another name for will administration is “probate.” You’ve probably heard that term. During probate, the court must validate the will; then, will administration can begin. Will administration (probate) is required for ...
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  • WHAT ARE EXECUTOR DUTIES DURING PROBATE?

    When creating your will , you must appoint an executor to handle your estate’s affairs during the probate process. This person will be helping you and your loved ones in a number of ways. Are you unsure of the duties that your executor will face during the probate process? Take a look at some of the information below to learn more. If you have any questions about probate or your executor’s duties, ...
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