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Letters of Administration in probate are the documents that allow the necessary legal processes to start. Probate refers to the practice of administering an Estate after someone dies; if the deceased person did not have a Will, probate cannot begin without court approval.
What is the threshold for probate in NY?
Only an estate valued over $50,000 must be probated when there is a will. The court has a small estate proceeding when the estate is below $50,000. An estate without a will is administered, not probated.
How much does an estate have to be worth to go to probate in New York?
In New York, only estates valued higher than $50,000 need to pass through formal, full probate. The executor should keep in mind that the $50,000 total does not include all assets.
What are the rules for probate in NY?
Probate proceedings are filed with the clerk of the circuit court, usually in the county in which the decedent lived at the time of his or her death. A filing fee is required and should be paid to the clerk.
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