Father dies--no will--who owns property--mother or son?

[TekWiz]

What is the name of your state? New York

(I clarified the question).

New York State: My aunt's husband passed away several years ago without a will. Earlier he bought an apartment in a co-op in which he was a shareholder. The shares were worth less than $50,000 at the time of his death. My Aunt was appointed executor but never moved the shares to her name.

THE QUESTION IS: Is the ownership determined by the value of the shares on the date of the husband's death, (value of the shares was below $50,000) so then the mother would now be the sole owner, or is it determined by the current value of the shares (which is now above $50,000) and then the shares would be split between mother and son?

Thanks!

 

[divgradcurl]

What is the name of your state? New York

(I clarified the question).

New York State: My aunt's husband passed away several years ago without a will. Earlier he bought an apartment in a co-op in which he was a shareholder. The shares were worth less than $50,000 at the time of his death. My Aunt was appointed executor but never moved the shares to her name.

THE QUESTION IS: Is the ownership determined by the value of the shares on the date of the husband's death, (value of the shares was below $50,000) so then the mother would now be the sole owner, or is it determined by the current value of the shares (which is now above $50,000) and then the shares would be split between mother and son?

Thanks!

General rule is everything is valued at the time of death.