Legal Question in Wills and Trusts in New York
what happens to liquid assets when you die testacy
what happens to a bank account and stocks when you die with a will
Asked on 11/26/02, 2:28 pm
1 Answer from Attorneys
Norman Nadel
Norman Nadel, Esq.
Re: what happens to liquid assets when you die testacy
The Will is filed with the Surrogate (that's probate) and then the executor assembles the assets, pays debts and taxes (if any) and distributes the money in accordance with the terms of the Will.
Answered on 11/26/02, 4:23 pm
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