Probate lawyer NYC Natalia A. Sishodia has unveiled an in-depth article exploring the intricacies of the probate process in New York. This essential guide is designed to help individuals handle the often daunting task of managing an estate after the passing of a loved one.
As a leading probate lawyer NYC, Natalia A. Sishodia discusses the complexities involved in transferring property from a decedent to their heirs. The probate process can be lengthy, sometimes stretching over months or even years, and it often involves numerous hearings and paperwork. Engaging a knowledgeable attorney can ease this burden and expedite the resolution of the estate.
The probate lawyer NYC explains that the probate process involves authenticating a decedent’s last will and testament. This legal document outlines the deceased’s wishes regarding property division and guardianship of minor children. It also names an executor responsible for carrying out these wishes. Sishodia notes, "A will ensures that an individual's intentions are honored, but it must first pass through the Surrogate’s Court to be deemed valid."
The article clarifies that if an estate is valued under $50,000 or consists solely of non-probate assets, the probate process may not be necessary. Non-probate assets in New York include retirement accounts, trusts, and jointly owned properties. Structuring an estate plan to bypass probate can simplify the distribution process.
Sishodia emphasizes the importance of a well-drafted will, stating, "A properly executed will can prevent unnecessary disputes and protect an individual's legacy." The article details the step-by-step probate process, from filing the petition in Surrogate’s Court to distributing assets to beneficiaries.
For estates without a Will, the process shifts to administration proceedings where a court-appointed administrator manages the estate. This can complicate the distribution, as it follows New York's intestacy laws, potentially overlooking the decedent's personal wishes.
The article also touches on ancillary probate, which is necessary when a decedent owns property outside their home state. This secondary legal process is crucial for comprehensive estate settlement and requires careful management of jurisdictional laws.
Natalia A. Sishodia offers insights into the responsibilities of executors and administrators, highlighting their entitlement to reasonable compensation. The New York Surrogate’s Court Procedure Act outlines a sliding scale for fees, ensuring fair payment for their duties.
The article advises those involved in the probate process to consult with an experienced New York estate probate lawyer. These legal professionals can assist in drafting wills and trusts, guiding executors, and defending estates against contests. Sishodia asserts, "Having a skilled attorney by an individual's side can streamline the process and protect their interests."
For those preparing for probate, Natalia A. Sishodia and her team at Sishodia PLLC are ready to provide comprehensive legal support. Their dedication to client service and deep understanding of New York probate law make them a valuable resource for anyone facing these challenges.
About Sishodia PLLC:
Sishodia PLLC is a leading law firm in New York dedicated to providing exceptional legal services in estate planning and probate law. With a commitment to honoring the legacies of their clients, Natalia A. Sishodia and her team offer personalized and compassionate support throughout the probate process. Sishodia PLLC is a trusted partner in managing New York’s legal landscape.
Embeds:
Youtube Video: https://www.youtube.com/watch?v=bQeO5iBNi-I
GMB: https://www.google.com/maps?cid=12450537318741950980
Email and website
Email: natalia@sishodialaw.com
Website: https://sishodia.com/
Media Contact
Company Name: Sishodia PLLC
Contact Person: Natalia A. Sishodia
Email: Send Email
Phone: (833) 616-4646
Address:600 3rd Ave 2nd floor
City: New York
State: New York 10016
Country: United States
Website: https://sishodia.com/
