Nassau County Estate and Trust Administration Lawyers
Long Island Estate Representative Lawyers · Nassau County Estate Administration Attorneys
Upon the death of a person with assets subject to administration, a petition must be filed with the appropriate Surrogate’s Court to appoint a specific person or institution to handle the administration of the estate. These tasks can include:
- Paying valid debts of the decedent
- Collecting money owed
- Closing financial accounts, protecting retirement accounts
- Asset inventory and estate liquidation
- Handling or closing contractual obligations
- Filing income and estate tax returns
- Business transactions, business succession, business liquidation
- Resolving legal disputes and handling all open litigation matters
- Accounting to the beneficiaries
Estate administration is often complex and requires a great deal of experience to avoid legal pitfalls. Unfortunately, many families simply appoint a well-meaning relative as executor who has no experience protecting the interests of the surviving family members and heirs.
Handling Real Estate Matters
Our firm has the experience and capacity to handle complex assets and transactions involving transfer of real estate between beneficiaries and survivors. This includes property valuation, negotiating contracts, preparing transfer documents under state law, real estate tax obligations and closing estates.
We are also experienced in the creation and funding of trusts and their administration. We also advise and assist trustees in meeting their fiduciary obligations, including their duty to account to the trust beneficiaries.
From our offices in Garden City, we represent clients throughout Nassau County, the New York City metro area and throughout the region. Contact our Nassau County estate and trust administration attorneys to arrange an initial consultation.