How to administer an estate if there is no Will?
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How to administer an estate if there is no Will?
My sister-in-law just died. My wife was Power of Attorney prior to her death and arranged and paid for burial (no Will). Her sister had $2000 in bank accounts, $40k in 401k and a $10k life insurance policy, both of which my wife is beneficiary of. No real estate or car, minimal personal property of value. Only my wife and her brother are survivors (no parents, spouse or children). Do we need to open an estate ID with NY or IRS? Do we need to file anything in court to administer her estate? Any other advice for this situation?
Asked on April 21, 2011 under Estate Planning, New York
Answers:
Elliot S. Schlissel / Law Office of Elliot S. Schlissel - Call 24/7
Answered 13 years ago | Contributor
Call Elliot Schlissel, Esq. I can help you. 718 350 2802 See my website nywillsandtrustslawyer.com.
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