Legal Question in Wills and Trusts in New York
judge giving mother last of blood kin letters of administrator
the judge is asking for a bond of 18,678
Asked on 2/18/07, 5:35 pm
1 Answer from Attorneys
Walter LeVine
Walter D. LeVine, Esq.
Re: judge giving mother last of blood kin letters of administrator
IT IS NORMAL IN AN ADMINISTRATION FOR SOME FIDUCIARY BOND TO BE POSTED. THE AMOUNT IS USUALLY GEARED TO THE SIZE OF THE ESTATE. I SUGGEST YOUR MOTHER HAVE THE COURT ADVERTISE FOR CREDITORS, UNLESS ALL ARE KNOWN, LIQUIDATE THE ASSETS, PAY THE BILLS AND DISTRIBUTE THE ESTATE SO SHE ONLY HAS TO PAY ONE YEAR'S PREMIUM.
Answered on 2/19/07, 10:56 am
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