Mullen and Iannarone, P.C.
Serving the legal needs of corporations, individuals and
families of Suffolk County since 1972

April 2018 Archives

The responsibilities of a will executor

New York residents who are named executors in wills may want more information concerning the winding down of an estate. When the testator dies, the executor assumes legal responsibility for resolving the decedent's outstanding financial obligations. In the event that the person named as executor declines the position, the court may appoint a replacement if the will makes no provision for an alternate executor.

Options to consider in estate planning

At one time, estate planning consisted of merely a last will and testament. For the very wealthy, it might have consisted of a trust. In modern times, estate planning can and should be much more than just preparing a will. New York residents should consider some of the options available.