Estate Administration and Probate
Upon one’s death, there are inherent legal formalities that must be fulfilled before the decedent’s estate may be settled and assets distributed. Addressing these issues can be especially trying for family members during such a difficult and emotional time. While many complications can be avoided through proper Estate Planning, even well-planned Estate Administration can be highly complex, work-intensive and
We prepare and file State and Federal Tax Returns, if necessary. We advise the Executor(s) and Trustee(s) of their responsibilities, and guide them through all aspects of Estate and/or Trust administration/settlement. If Probate is unavoidable, our experience and expertise enable us to effectively
When an individual dies, certain of his or her assets that are not transferable by contract may be transferred through proceedings in Probate Court. Probate is expensive, time-consuming, and invasive to privacy because once probate is filed your Last Will and Testament is available for public inspection. Moreover, if you own real estate in more than one state, your estate will also be subject to probate proceedings in each of those states.
Schanker and Hochberg P.C. can help you avoid probate by using a revocable living trust to distribute
In cases where probate is unavoidable, our experience and expertise enable us to find significant opportunities to save estate taxes and to adjust for changes in circumstances after the execution of the decedent’s Will. We recognize these opportunities and counsel the personal representative and family members in how to take advantage of them, which may include disclaimers, tax elections
Located in Long Island, New York City, New Jersey