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the case where there are no objections to TIP: If you are the fiduciary of a loved
the appointment of the name fiduciary or one’s estate, check the office of
applicant, and there are no objections to unclaimed funds via the New York State
the disposition of assets provided for in Comptroller’s website to see whether the
the will. If the persons entitled to notice decedent is entitled to any “unclaimed
do not consent to the relief requested in funds”.
the petition and waive the issuance of
formal process, then the Court will issue a Once the executor or administrator has
“citation” to appear in Court on a certain located and gathered all of the assets
day, and each non- consenting person of the decedent, they will manage the
must be formally served in accordance funds in a prudent manner, pay off the
with New York State law. decedent’s debts and distribute the
funds as per the terms of the decedent’s
Presuming the administration or probate will, or else as per the laws of intestacy of
petition is accepted, the executor or the State of New York.
administrator will receive their letters
testamentary from the Surrogate’s Court.
Original certificates will be required for
a variety of purposes, and so we advise
our clients to obtain several extra copies.
The executor will need these certificates
in order to transfer title to any assets (i.e.
funds in bank accounts, sell real estate),
and to open the estate bank account.
Page 34 - Forrester Maher Funeral Home