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In New York State, the age requirement to serve as an estate trustee (also known as an executor) is at least 18 years old. Additionally, the individual must be of sound mind and not have a felony conviction. If the designated executor does not meet these criteria, the court may appoint an alternative executor.
What else can I help you with?
What are the New York state stuatory trustee fees?
Irrevocble Trust
What is the most common foundation in New York state in real estate?
As per the my point of view Real Estate Board of New York is the most common real estate foundation in New York state.
Where can i find a List of real estate brokers in new york?
If you want to have a list of real estate brokers in your area in New York, you can actually ask for a list from the New York State real estate department and have a list of licensed real estate brokers in the area.
In new york state when does life estate expire?
In New York State, a life estate expires upon the death of the life tenant. The property will then typically revert back to the remainderman or the owner of the future interest as specified in the life estate arrangement.
How does New York State determine estate tax?
New York State determines estate tax by multiplying the property's taxable assessment minus any exemptions by the tax rates for school districts and municipality.
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.
What is New york state revocable trust trustee fees?
I guess what ever is agreed upon that a court would find reasonable.
What is the New York State estate tax rate?
16% but I don't know if it is a flat-rate or if it is graduated. What was the rate in 2010?
What does a New York State Real Estate Deed look like?
show me what deed like
What are New York state trustee fees?
Under the NY EPTL, trustees are entitled a fee for the execution of their duties with regards to a will. The exact fee amount is divided into tiers, depending on the value of the estate being managed.
Based on New York state law can an irrevocable trust have co trustees or is only one trustee permitted?
There can be two trustees, depends on the wording of the trust.
Can a non US domiciliary be a Trustee of a New York trust?
As the trust is registered in the U.S.A , then the trustee should also be a U.S citizen.
