Legal Question in Wills and Trusts in New York
estate administration
listing assets for surrogate's court in Niagara County, NY in case of deceased mother (I am appointed administrator). Mom ''owned' her house, but it was (is) fully mortgaged (Value = $110,00, outstanding mortgage = $110,000). Do I list $110,00 under ''Individually Owned'' for Real Estate, or do I list zero?
4 Answers from Attorneys
Re: estate administration
There should be a column for real estate assets and value where you would list the property address and the $110,000 as its value. There should be another section where it lists mortgages - this is where you would list the name of the mortgage holder and the amount owed.
If you have any other questions, please feel free to contact me.
Re: estate administration
There should be a column for real estate assets and value where you would list the property address and the $110,000 as its value. There should be another section where it lists mortgages - this is where you would list the name of the mortgage holder and the amount owed.
If you have any other questions, please feel free to contact me.
Re: estate administration
There should be a column for real estate assets and value where you would list the property address and the $110,000 as its value. There should be another section where it lists mortgages - this is where you would list the name of the mortgage holder and the amount owed.
If you have any other questions, please feel free to contact me.
Re: estate administration
There should be a column for real estate assets and value where you would list the property address and the $110,000 as its value. There should be another section where it lists mortgages - this is where you would list the name of the mortgage holder and the amount owed.
If you have any other questions, please feel free to contact me.
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