Network Insights Archive

<div> <img width=”800″ height=”400″ src=”https://chadgill.com/wp-content/uploads/2023/05/when-is-probate-necessary-in-nyc-1024×512-1.jpg” class=”attachment-large size-large wp-post-image” alt=”Probate New York” decoding=”async” loading=”lazy” srcset=”https://chadgill.com/wp-content/uploads/2023/05/when-is-probate-necessary-in-nyc-1024×512-1.jpg 1024w, https://locallawyerny.com/wp-content/uploads/2020/01/when-is-probate-necessary-in-nyc-300×150.jpg 300w, https://locallawyerny.com/wp-content/uploads/2020/01/when-is-probate-necessary-in-nyc-768×384.jpg 768w, https://locallawyerny.com/wp-content/uploads/2020/01/when-is-probate-necessary-in-nyc.jpg 1200w” sizes=”(max-width: 800px) 100vw, 800px”> <h2 class=”wp-block-heading”>Understanding When Probate is Required in New York</h2> <h3 class=”wp-block-heading”>Key Scenarios Necessitating Probate</h3> <h4 class=”wp-block-heading”>Sole Ownership of Assets</h4> <p>Probate is often required when the deceased owned assets solely in their name, such as real estate, bank accounts, or vehicles. This legal process ensures these assets are transferred to the rightful beneficiaries as per the will or, if no will exists, according to intestacy laws.</p> <h4 class=”wp-block-heading”>No Designated Beneficiaries or Joint Ownership</h4> <p>When assets do not have designated beneficiaries or are not jointly owned, probate becomes necessary. Assets like life insurance policies or retirement accounts