What is the name of your state? New York
In the state of New York, what is the estate value at which you must go through probate?
My mother does not own the home she lives in (my brother does). She has very little savings (~$12,000). No car and only her personal possessions. She does have a Will for some of those possessions that she wants to go to sons, daughter and grandchildren.
I live in Arizona and here the value is $50,000 but I know it varies by state. She is vary worried that the cost of probate will exceed her estate value and none of her heirs will get anything, the state will get it all.
Regards,
P11166
In the state of New York, what is the estate value at which you must go through probate?
My mother does not own the home she lives in (my brother does). She has very little savings (~$12,000). No car and only her personal possessions. She does have a Will for some of those possessions that she wants to go to sons, daughter and grandchildren.
I live in Arizona and here the value is $50,000 but I know it varies by state. She is vary worried that the cost of probate will exceed her estate value and none of her heirs will get anything, the state will get it all.
Regards,
P11166