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New Wills & Probate Legal Questions - New York

Do we have the right to demand cashing in on inherited stock of a privately owned family business or have to wait for the business to sell?

I am so sorry for your loss.  Generally speaking, an asset of a decedent is valued as of the date of death.  But that does not mean that its value can not increase (or decrease) when it i

M.T.G., Member, New York Bar answered 15 days ago

What if my deceased family members next of kin is mentally handicapped?

I am so sorry for your loss. If it comes to the point that the other cousins fight you to become the Administrator or Executor of the estate then yes, it may come in handy during a hearing to have

M.T.G., Member, New York Bar answered 1 month ago

What is the law on regarding probate and mortgages?

I am so sorry for your loss and for the situation. It is the obligation of the persoanl reporesentative of the estate - the administrator or executor - to pay the obligations of the decedent during

M.T.G., Member, New York Bar answered 1 month ago

Is my father liable for a credit card that was only in my late mom's name?

I am so sorry for your loss.  The general rule regarding credit card debt is that it is the debt of the estate not of the surviving spouse.  That being as long as your father was not on t

M.T.G., Member, New York Bar answered 1 month ago

How do I go about probating my late mother's estate?

I am so sorry for your losses.  How the property was held will determine what you need to do.  If your Mother died without a Will - called intestate - and the property was in her name alo

M.T.G., Member, New York Bar answered 1 month ago

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