New York residents who have been named as executor under a testator's will may wonder what will be involved in the process. An executor is responsible for identifying assets, paying debts and then distributing assets to beneficiaries. However, the nuts and bolts can be more complicated.
Couples in New York and around the country sometimes believe that marriage negates the need for estate planning tools such as powers of attorney and wills. While married couples enjoy several legal rights and protections, there are still a number of good reasons for them to put an effective estate plan into place.