Executors in New York Surrogate’s Court May Need Surety Bonds

In New York Surrogate’s Court, it’s not uncommon for boilerplate language to be written into a will that waives the requirement for an Executor to have to purchase an estate surety bond to protect the interests of the estate and...

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Guidelines for Executors

When you’re named the executor of a will, you have to manage the affairs and settling of an estate. You have to initiate court procedures and help pay off creditors using the deceased’s assets. So how should you act as...

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The Probate Process With a Will

When a person dies, they may or may not die with a last will and testament. When someone dies without a will, or intestate, property is distributed according to state probate law. However, when someone dies with a will, property...

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What is Probate Court?

When a relative has died, you may be told that you have to go to probate court. But what exactly is probate court and who or what needs to go through probate? In short, probate court involves the property and...

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Become a Mortgage Broker in 5 Steps

So you want to become a mortgage broker. You want to work in real estate with both numbers and people while analyzing qualification requirements and the availability of loans. While mortgage brokers don’t actually lend money, but instead serve as...

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New York Administration Proceedings: What You Need to Know

In the case of someone in New York dying without a will, or intestate, many considerations are deliberated in connection with the appointment of an administrator for the deceased’s estate. Factors such as next of kin must be considered to...

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New York Surrogate’s Court Bonds: What You Need to Know

Executors and Administrators in New York Surrogate’s Court are often required to post an estate surety bond in order to be appointed as a fiduciary. Whether a bond is required is usually within the judge’s discretion. The purpose of the...

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The Duties of a Court Appointed Guardian

The purpose of appointing a guardian to an incapacitated or disabled person is to allow the guardian to make decisions for the incapacitated or disabled person that they cannot make themselves. Both financial and non-financial decisions may come due for...

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What Does a Trustee Do?

A trust is a legal entity that technically owns assets and includes instructions describing who you want managing your affairs and who you want to receive the trust’s assets. But what does it mean to manage the trust’s affairs and...

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Types of Trusts

So you’re thinking about setting up a trust. Or you’ve been appointed to be a trustee for a trust. It would probably help to know what the differences are between the types of trust, and why someone would set one...

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