If you are the executor of an estate, all sorts of questions may be on your mind. For example, you may have uncertainties related to your fiduciary duties or you could be unsure of how to approach the probate process. In Jamaica, and all across the state of New York, it is vital to make sure that you are aware of your responsibilities and prepare yourself for some of the responsibilities that lie ahead. For example, if you file for probate, you may be unsure of what the filing fee is.
According to the New York State Unified Court System, the probate filing fee is dependant upon an estate’s size. A large estate, such as one with assets exceeding $500,000, will have a variable fee of $1,250 to file for probate . On the other hand, a more modest estate, such as an estate with under $10,000, the fee is only $45. Moreover, it is important to keep in mind that there are other fees associated with the probate process.
Executors have many responsibilities and there are times when it can be tough to manage an estate after someone who was close passes away. However, executors must be ready to stand up for their rights and defend themselves in the event that false allegations arise, such as claims that they breached their fiduciary duties. Throughout all phases of the probate process, it is essential to do what you can to reduce conflict and achieve an outcome that is favorable for those involved, if you can. Please remember, this is no substitute for legal assistance.