why does the attorney general of ny get part of my inheritance

How does inheritance work in New York State?

Sep 12, 2019 · Does New York Have an Inheritance Tax or Estate Tax? While New York doesn’t charge an inheritance tax, it does include an estate tax in its laws.The state has set a $6.11 million estate tax exemption, meaning if the decedent’s estate exceeds that amount, the estate is required to file a New York estate tax return.

What does the New York attorney general do?

Aug 01, 2012 · A beneficiary of a New York estate can give up their inheritance and renounce all of a portion of their inheritance left to them after their loved one has passed away. However, it is possible that being left an inheritance will disqualify a person from being eligible for government assistance such as Medicaid, even if they did not receive the inheritance.

Can a probate attorney represent an estate in New York?

Nov 21, 2019 · Keeping an Inheritance Separate. Inheritances are considered separate property and are not subject to division in a divorce providing the inheritance is kept separate. During happier times, spouses are in the habit of depositing an inheritance into the couple’s joint bank account. The individual doesn’t anticipate divorce, so they don’t ...

How do I revoke a disclaimed inheritance in New York?

About the Attorney General. Letitia “Tish” James is the 67th Attorney General for the State of New York. With decades of work, she is an experienced attorney and public servant with a long record of accomplishments. She is the first woman of color to hold statewide office in New York and the first woman to be elected Attorney General.

What are the duties and responsibilities of the attorney general of New York State?

In fulfilling the duties of the State's chief legal counsel, the Attorney General not only advises the Executive branch of State government, but also defends actions and proceedings on behalf of the State. The Attorney General serves all New Yorkers in numerous matters affecting their daily lives.

Who does the NYS Attorney General report to?

the Governor ofThe Attorney General acts independently of the Governor of New York. The department's regulations are compiled in title 13 of the New York Codes, Rules and Regulations (NYCRR).

What are considered administrative expenses for an estate?

Administrative expenses include the mortgage, condo fees, property taxes, storage fees and utility bills. These must be kept current until the estate closes. To the extent possible, the estate beneficiaries should pay these bills until the probate estate is opened.Apr 7, 2017

How much does an estate have to be worth to go to probate in New York?

Only an estate valued over $30,000 must be probated when there is a will. The court has a “small estate proceeding” when the estate is below $30,000. An estate without a will is “administered,” not probated.

How much does an assistant Attorney General make in New York?

The salary trajectory of an Assistant Attorney General ranges between locations and employers. The salary starts at $115,882 per year and goes up to $115,882 per year for the highest level of seniority.

How do I file a complaint with the New York Attorney General?

ContactComplaint Form: To file a complaint, please complete the form at this link and mail it to us at:Phone: 212-416-8090.Email: [email protected] Hotline: ... NYS OAG Information and Complaint Helpline: 1-800-771-7755.NY State Police Investigation:More items...

Are funeral expenses deductible from estate?

Deducting funeral expenses as part of an estate If you are settling an estate, you may be able to claim a deduction for funeral expenses if you used the estate's funds to pay for the costs.Dec 26, 2021

Can an executor withdraw money from an estate account?

Once a Grant of Probate has been awarded, the executor or administrator will be able to take this document to any banks where the person who has died held an account. They will then be given permission to withdraw any money from the accounts and distribute it as per instructions in the Will.

What expenses can the executor of a Will claim?

For example, recorded delivery, valuations for assets etc. An executor may claim from the estate reasonable costs incurred during the administration. These are costs that they have paid out of their own pocket. The executor must be able to show that these expenses have benefited the estate and its beneficiaries.Dec 2, 2021

How do you avoid probate in NY?

New York residents can avoid probate on bank accounts by adding a "payable-on-death" (POD) designation to their checking, savings, or certificates of deposit. If no beneficiary is named, the amount in the account will be considered a probate asset.

Do you always have to go to probate when someone dies?

Probate. If you are named in someone's will as an executor, you may have to apply for probate. This is a legal document which gives you the authority to share out the estate of the person who has died according to the instructions in the will. You do not always need probate to be able to deal with the estate.

How long does an executor have to settle an estate NY?

The average length of the basic steps in the probate process in New York include: Appointment as administrator or executor of the estate: About four to six months. Settling the estate: About six to nine months. Closing the estate: About two to three months.Oct 26, 2021