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As a rule, the executor of a will in New York can be a witness but in most cases it will void any benefits to the executor.
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Are executor fees taxable in New York state?
They are income for the executor. Yes, they are taxable.
Can an executor witness a will?
No. An executor, onced appointed by the court, has complete and uninhibited access to the decedent's assets. Therefore the executor derives some benefit from the will and should not be a witness. If the other witness should be unavailable to testify regarding an objection to the will the executor as the sole available witness would cause the will to be exposed to challenges.
What is legal age to be an executor of an estate in New York State?
In New York State, the legal age to be an executor of an estate is 18 years old. Any adult over the age of 18 can serve as an executor to manage and distribute the assets of an estate according to the deceased's wishes.
Can my sister as the executor be a beneficiary?
No. Only the court can appoint an executor. You could petition the court to name your sister as co-executor but make certain you provide a good reason to support your request.
What are the release dates for Poetry of Witness - 2017?
Poetry of Witness - 2017 was released on: USA: 17 October 2017 (New York City, New York)
Can the executor also notarize the will?
You don't notarize a will, you notarize a signature, such as witnesses to the will. Yes, in most places an executor can be a witness and have their signature notarized. There are sometimes problems when a beneficiary is also a witness.
In new york state how could you become executor of your grandmother's estate in the event of the death of the first executor?
Petition the court to be appointed executor. It typically requires the agreement of all the beneficiaries.
Can my primary beneficiary be executor?
Yes. However, they should not be a witness to the will.
Can a New York attorney witness a Maryland will?
Any one can serve as a witness to a will. The fact that they are an attorney makes no difference.
Can a witness be the executor as well?
In the UK: Yes. Provided they have nothing to gain from the Will.
How do you change the executor in a will in New York state do you need a lawyer?
An attorney is a good idea but not required. A codicil can be created that changes the executor, but it must meet all the proper requirements.
Can a will be changed in New York state without notifying executor of the will?
The executor is not required to know anything about the will until it is time to execute it. They don't even have to be told they are the executor.
