Does the Personal Representative have to account for all of the deceased persons personal property when probating the estate?
New York law allows for certain property to be except from probate, including (1) furniture, appliances, computers valued up to $10,000; (2) books, the family bible, family pictures, video tapes, and computer tapes, disks, and software used by the family are exempt property up to a value of $1,000; (3) domestic animals with their necessary food for up to 60 days, farm machinery and one tractor, and one lawn tractor not exceeding an value of $15,000; (4) a car worth up to $15,000; (5) money or other personal property not exceeding $15,000.
Related Questions
- I am the personal representative of a deceased person, and I am required to transfer his property to his heirs as part of probate. Can I use a warranty deed to make this sort of land transfer?
- Does property owned jointly by the deceased and at least one other person form part of his/her estate?
- How Do You Transfer Property From A Deceased Person?
