Legal Question in Wills and Trusts in New York
My mother in law passed without a will couple of months ago. She had a small co-op in her name only. No one in the family wants to be bothered to act as an administrator to go to the probate court or pay the monthly maintenance fee. Please advise what will happen to the property if it just sits there.
3 Answers from Attorneys
The Condo Board may wake up and petition the probate court as a creditor. The could sell it
to pay the debt.
I agree that the Board would have the right to act, as the monthly maintenance, if not paid, becomes a lien that the Board, as a creditor, can sue to recover. This can result in the apartment being sold to satisfy the lien. Keep in mind that the Board is under no obligation to get the best price if the apartment is sold, so you are making a big mistake by not having someone in the family take this responsibility.
At the very least, you could request that the public administrator become involved in administrating the estate. They would sell the apartment, pay outstanding taxes/maintenance and then pass the remaining estate to the heirs. AFTER taking administrator's commission and attorney fees.