New York City Estate Administration Lawyers
The estates legal team at GREENFIELD STEIN & SENIOR, LLP, assists clients in the administration of an estate from the time of death until final accounting and settlement. Our law firm was founded in Manhattan in 1930, and we have long been known as leaders in wills and trusts law.
If your relative or loved one has passed on and the estate needs to be administered, contact our New York City estate administration attorneys online or call (212) 818-9600 to schedule an appointment. We take a whole-perspective approach to estate-related legal services and can recognize early signs of potential conflicts.
The Administration of an Estate in New York Surrogate's Court
We will help you through the estate process from beginning to end. Our Manhattan wills and trusts lawyers begin the administration process by handling probate of a will in a surrogate's court, or by seeking an administrative proceeding if there is no will.
The second major task in estate administration is to gather, inventory, and value the assets of the estate. These assets may include:
- Real estate
- Personal effects
- Bank accounts
- Stocks and bonds
- Other investments
Unless these assets are jointly owned or have a named beneficiary, they make up the probate estate. The proceeds from the probate estate are used to pay any outstanding debts and administration expenses. An executor or administrator must evaluate all claims made against the estate and pay legitimate debts. If there is a question about the validity of a claim, it may end up in a claims proceeding in estate litigation in surrogate's court.
We Can Help Limit Your Estate Tax Liabilities
Depending on the size of the estate, the assets and liabilities may need to be reported on a federal estate tax return and a New York estate tax return. Other required paperwork can include a fiduciary final accounting of the distribution of an estate. We will work to ensure that a high percentage of the estate is left for its beneficiaries instead of going to creditors and tax authorities.
You will also have to make decisions about asset management of an estate that will need to be made after the fact, including timing of distributions, tax elections, and allocation of tax exemptions. At the law firm of GREENFIELD STEIN & SENIOR, LLP, we provide full-service guidance and advice regarding all of these estate issues.
Our administration services are guided by the lessons learned by our estate planning attorneys and estate litigation lawyers. Our goal in administering an estate is to shepherd an estate through surrogate's court as efficiently as possible. Contact our New York estate lawyers online or call (212) 818-9600 to schedule an appointment.