Legal Question in Wills and Trusts in New York
How do I become an executor ?
My mom passed away and did not have a will but did have a reverse mortgage on her home. She kept saying that we had one year to sell her home. Now the mortgage company wants to know who the executor is...but there is none
2 Answers from Attorneys
Re: How do I become an executor ?
I agree with Michael, but expand upon his answer. Presuming her husband is not alive, one of the children needs to apply to the Surrogate to be appointed administrator of her estate. While one can do this alone, it is better to have an attorney assist you, as bonding is required and additional forms and procedures need to be followed. Once appointed, the Administrator can deal with the house and mortgage issues, plus pay other bills and, finally, distribute whatever is left to the proper estate beneficiaries.
Re: How do I become an executor ?
If there is no will than an individual does not become an executor, but an administrator.
To become an administrator you must petition the Surrogate's Court. If you go to the Surrogate's Court you will be able to retrieve the proper forms. Most people use a lawyer for the administration petition.
Mike.