Probate & Fiduciary

Probate & Fiduciary

So, you want to be a guardian? Here’s what you need to know.

To watch your loved one lose the ability to take care of oneself is immensely painful.  In some cases, your loved one may need a guardian to manage his or her affairs.  This article will give you an understanding of the process of applying for guardianship under Article 81 of the Mental Hygiene Law.             … Continue reading So, you want to be a guardian? Here’s what you need to know. →

Probate & Fiduciary

Administrator Bonds

At this critical time, many families will be affected in many ways by the COVID-19 outbreak across the country. One of those ways will be the loss of a loved one and the requirement for estate administration via the court system. This usually requires an Administration surety bond ordered by the court. As Investopedia writes, … Continue reading Administrator Bonds →

Probate & Fiduciary

What is the difference between the Administrator of an Estate and an Executor of an Estate?

(And why they both should be bonded) A short answer is that an Executor (Executrix if a female) is the person whom is named in the Will to take charge of the estate.  The Executor is responsible for wrapping up the deceased person’s affairs and distributing the assets to, or for the benefit of, the persons named … Continue reading What is the difference between the Administrator of an Estate and an Executor of an Estate? →

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