When a loved one passes, distributing their estate and managing the probate process can be stressful. Ancillary administration in Riverhead involves several steps, including understanding the probate rules across multiple states. Seeking legal assistance can be beneficial to those unfamiliar with the process.
An experienced estate administration attorney could help you understand and manage ancillary administration. Learn more about how our lawyers could help you with your estate plan and the probate process. Get in touch with Tully Law Group, PC today if your non-resident loved one owned property in Riverhead.
Ancillary probate administration in Riverhead involves managing assets owned out-of-state. In other words, ancillary administration is the distribution of assets located in a state other than where the decedent lived.
Ancillary administration can be confusing and complicated for anyone unfamiliar with local laws and procedures. Executors and personal representatives must understand how to distribute the ancillary estate in Riverhead under New York laws and how to distribute assets according to their home state’s laws.
The first step in an ancillary administration is to identify all property and assets, where that property or assets are located, and what probate law applies. Even if there is a will, ancillary administration is necessary.
There are several situations where ancillary administration may be required. Typically, these involve real estate in other states or business holdings. Ancillary administration may be necessary if a Riverhead resident held property outside of New York or an out-of-state resident had assets in Riverhead.
For example, if a Riverhead resident owned a vacation home in Virginia Beach, upon their passing, probate would need to be started in Riverhead and ancillary administration in Virginia Beach.
If, however, a New Jersey business owner had business holdings in Riverhead, an ancillary administration would need to occur in Riverhead to manage and dispose of those business assets. This would be in addition to the New Jersey probate.
If ancillary probate is necessary, the process can get confusing without credible legal guidance. Taking the process step-by-step can be crucial to effectively and efficiently resolving the matter. The executor or personal representative should begin the process by filing for probate in the court of the county where the decedent resided.
After the primary probate process has been started, the executor or personal representative will need to identify and inventory all estate assets. Around this time, an ancillary administration may become necessary to dispose of and distribute any property or assets held in another state. The representative should then begin an ancillary probate in the county or counties where the out-of-state assets are held.
If an ancillary administration is required in Riverhead, a New York resident must serve as the personal representative. Before filing an ancillary probate, a New York co-personal representative must be appointed to handle the New York probate. This co-personal representative will be tasked with managing all assets and debts located in New York.
Working with an attorney in the state and county of the ancillary probate could be beneficial to the administration process. For instance, if a deceased loved one owned property in Riverhead, working with a local lawyer may help manage the process and guide them on navigating local court rules and customs.
Tully Law Group, PC is ready to assist you with ancillary administration in Riverhead. Our experienced and caring team could help you through every stage of the probate, estate, and ancillary processes, providing you with crucial guidance and support.
Contact us today for legal assistance. Your family deserves experienced and compassionate support.
