By Roman Aminov, Most people never think about trust accountings until something goes wrong. Maybe a parent passed away years ago, a sibling was named trustee, and the financial updates that once trickled in have stopped entirely. Phone calls go unanswered. Requests for bank statements are met with deflection. The trust was supposed to provide […]

Contributed by: Roman Aminov Esq. Sometimes the situation is straightforward enough. Someone passes away, a family member applies for Letters of Administration or probate moves forward with a named executor, and the estate gets settled according to the law. But what happens when no one steps forward? What if the decedent owed you money, back […]

For families in Queens navigating the difficult period after the loss of a loved one, the legal process of probate can seem daunting and complex. As a trusts and estate attorney in Queens, I often guide clients through this journey, ensuring that the deceased's wishes are honored and their assets are properly distributed according to […]

When a loved one passes away in New York, their estate must go through a legal process to properly distribute their assets and settle their affairs. This process, known as estate administration, can seem overwhelming during an already difficult time. This guide aims to demystify the basics of New York estate administration. The Difference Between […]

When a loved one passes away, dealing with their estate can be an emotionally challenging and complex process. In New York, many people wonder whether probate is necessary, even when a will exists. The short answer is that most wills do need to go through the probate process, but there are some important nuances to […]

Non-domiciliary estate administration in New York involves the management and distribution of a decedent's estate when the decedent was not a resident of New York at the time of death but owned assets within the state. This process is essential for ensuring that the decedent's New York-based assets are properly administered and distributed according to the […]

New York’s estate tax cliff is a unique problem for wealthy New Yorkers, but understanding how to navigate its effects can make a significant difference in estate planning. Let’s break down the key points and considerations for implementing a “Santa clause” to mitigate the impact of the estate tax cliff. Understanding the Estate Tax Cliff […]

An Administrator d.b.n. (Administrator de bonis non with the will annexed) is a person or entity appointed to complete the administration of an estate when the previously appointed fiduciary (either an Executor or an Administrator) becomes unable or unwilling to continue before the estate's administration is finished. The term "de bonis non" literally translates to […]

The Transfer on Death (TOD) Deed will become available to property owners in New York on July 10, 2024, through the introduction of Section 424 to New York State Real Property Law. While other states already allow the utilization of Transfer on Death Deeds (also known as Lady Bird Deeds), the introduction of the TOD […]

Probate is the process by which a Will is submitted to the Surrogate’s Court and an Executor is appointed with the authority to act on behalf of the estate. It is also generally used to describe the process of estate administration, when a person dies without a will. However, only certain types of assets must […]