A New York Estate is Not a Legal Entity and Cannot Be Sued. After the death of an individual, the usual course is to proceed to have a fiduciary appointed to represent the decedent's estate.
Once a creditor becomes aware of a decedent's death, they must send a written notice of claim. The claim should set forth the amount owed and the particular facts out of which the claim arises.
In New York, creditors have a maximum of seven months to file claims against an estate. If you have questions related to this aspect of estate administration, Jules Haas is a seasoned New York City estate litigation attorney who may be able to assist you.
Ing to New York probate law, creditors have a maximum of seven months from the date the executor is appointed to file any claim against an estate, and an estate cannot be distributed until then.
If you have been named as a beneficiary in a will, it is important to recognize how long you have to declare your inheritance. Generally speaking, the time limit for a person or family member to claim an inheritance in New York State is two years from the date of the decedent's death.
How to Submit a Claim A copy of the death certificate. Proof of Address or Ownership connecting the owner to the address or funds. Letters of Authority (Testamentary/Administration) issued by the court certifying your appointment, dated within the last six months, or a Small Estates Affidavit and Table of Heirs.
If you have no legitimate or living residual beneficiary, state law applies. When a will has residual benefits and no heir to claim them or if the residual beneficiary themselves has died, typically states distribute the property under their intestacy laws.
To make a claim in an estate, the creditor must go through the court system. The creditor first files a Statement of Claim in the probate matter for the decedent, or the person who died.
New York state law does not have a specific time limit for settling an estate.