A Look at the New York Probate Process

Probate is a very big factor to consider when you are planning your estate. There are potentially numerous different parties that would have an interest in your estate. For this reason, your estate must be probated when you use a last will to arrange for the distribution of your personally owned property. The process of probate is in place to allow the business of the estate to be conducted before the inheritances are distributed to the heirs. Final debts must be paid during probate, including any taxes that may be due. An inventory of all of the probate property must be conducted. This can be very tedious and time-consuming. Property appraisals may be necessary, and liquidation can come next. Ultimately, the heirs to the estate will receive what they are entitled to according to the terms of the last will. The person who takes care of all of this business is the executor of the estate. The probate court supervises the administration. If someone wanted to challenge the will they could

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