Estate Administration Lawyer Syosset, NY
Prepare for the Future with an Experienced, Dedicated Estate Administration Attorney By Your Side
Estate Administration for All Stages
Many believe when someone passes away their assets automatically transfer to their surviving heirs. However, that is not the case, and a complex process occurs to distribute your property and assets. If the deceased passes away with a will in place, the document is submitted to the Surrogate’s Court and a process known as probate occurs. However, if the individual passes unexpectedly and does not have a will, the deceased’s estate has to go through a legal process called estate administration.
The estate administration process is long and complicated, often causing heirs and potential beneficiaries stress. When an individual passes without a will, there may be challenging disputes over assets and property. In these cases, we highly recommend receiving legal representation to protect your rights to property and assets. Our Syosset estate administration lawyers at Fratello Law will stay by your side every step of the way and offer knowledgeable advice and protection. Our compassionate and all-women firm will fight for your rights during the entire legal process.
Schedule a free estate planning consult today.
Who Can Act As an Administrator in Syosset, New York
When the administration process occurs, the Surrogate’s Court will issue Letters of Administration to a qualified family member of the deceased. Letters of Administration give this person the authority to gather and distribute the deceased’s property according to the law.
Duties of the New York Estate Administrator
After the court appoints an administrator, the individual will have the authority to distribute the estate assets. The administrator’s responsibilities include:
Collecting estate assets: The administrator will need to collect and record all the assets and protect those assets.
Pay and file taxes: The administrator must file the deceased’s final tax return and pay any taxes on behalf of the deceased.
Pay estate debts: The administrator must determine if there are any outstanding debts and arrange for payment with the creditors.
The administrator process is complex and carries a heavy burden on those who also mourn the loss of their loved one. Navigating the responsibilities of an administrator or letting someone else have control of estate administration is challenging and may come with legal disputes. Do not wait until the distribution of the deceased’s assets to speak with a Syosset lawyer. Contact an experienced professional to guide you through the process and ensure no legal disparities.
Protect Your Rights With an Empathetic Fratello Law Estate Administration Attorney
When your loved one does not have a will explicitly stating their distribution wishes, there can be significant disputes and arguments among surviving heirs and other family members. Navigating these challenges without a legal representative may place your rights to the estate at risk.
Partner with our award-winning Fratello Law estate administration lawyers in Syosset, and join our client family. With years of combined experience, our Fratello Law team fights diligently for our clients’ rights. Recognized by our peers and community as a family-oriented team that cultivates high-quality relationships, you can count on our team to protect you throughout the estate administration process.
Our firm is small with a big heart. Partner with responsive lawyers and schedule a no-initial-cost consultation by calling (631) 406-5580 or filling out our contact form today. We look forward to welcoming you to our client family.
Our attorneys focus on creating a Last Will and Testament that carries out your wishes for your assets, belongings, the guardianship of your minor children, and more. Learn more.
Our practiced attorneys will guide you in selecting the right type of trust for you, appointing a trustee, and ensuring your assets are distributed to the correct beneficiaries. Learn more.
Our dedicated disability planning attorneys will guide you in creating the right power of attorney and healthcare proxy to ensure your finances and wellbeing are cared for in the event of an illness. They will also help you draft a living will that ensures all of your end-of-life wishes are upheld. Learn more.
Estate Tax Planning
Our estate planning attorneys at Fratello Law will guide you in transferring your hard-earned assets with as little taxation as legally possible by way of the many testate planning vehicles available. Both New York State and the federal government impose a tax on your right to transfer your property at your death if your gross estate exceeds a predetermined exclusion amount. This amount changes every year. We work with you and your accountant to determine the best panning to shelter your wealth.