Legal Question in Wills and Trusts in New York
Administrator Release forms?
Is their such a thing as an Administrators release form? Or, is a General relaease form the same thing? Thank you!
Asked on 8/03/04, 11:56 am
2 Answers from Attorneys
Norman Nadel
Norman Nadel, Esq.
Re: Administrator Release forms?
A receipt and release is the document usually employed to protect the Administrator when distributions to heirs are made.
Answered on 8/03/04, 1:50 pm
Walter LeVine
Walter D. LeVine, Esq.
Re: Administrator Release forms?
What I berlieve you are talking about is a Release and Refunding Bond, which is given to an administrator and acts as both a receipt of the funds received from the estate and, when all estate beneficiaries provide them to you and they are recorded with the Surrogate's Court, they release you from further liability and close the estate with the Surrogate's office. The form is different from a General release.
Answered on 8/03/04, 2:22 pm
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