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ADMINISTRATION
If your loved one passed away with out Will, then any assets belonging to him or her must be valued and transferred to heirs according to the Law (New York Estates, Powers and Trusts Law - EPTL). A Petition For Administration must be filed for the Court to appoint a representative, called an Administrator, to organize, manage and carry out the settling of the Estate. Once an Administrator is appointed, then the process of administering the estate begins. |