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Here are some things to consider when drafting a letter to your executor or trustee. Your thoughts about wealth.Describe key players in the family.What matters to you?Give your trustee the power to make decisions, even when that means saying no.

There is no need for probate or letters of administration unless there are other assets that are not jointly owned. The property might have a mortgage. However, if the partners are tenants in common, the surviving partner does not automatically inherit the other person's share.

In order to get letters testamentary, you need to submit a petition for probate together with its supporting documents to the Surrogate's Court. Do not unstaple even if you are scanning it.

Give the letter a personal touch and address each of your heirs and beneficiaries personally. Tell them any last wishes you may have or any hopes you have for their future. Write as clearly as possible. Use specific details and avoid using shorthand.

Place your name, address and phone number at the top of the letter, followed by the date, then the name, address and phone number of the individual or agency handling your deceased relative's estate.

Similar to a POD designation is the transfer-on-death (TOD) deed, and it is up to each state to decide which assets can be transferred this way. New York does not allow transfer-on-death deeds for the transfer of vehicle registrations or real estate, but it does allow TOD registrations for stocks and bonds.

Preparing a Letter of Last Instructions Instructions about the funeral, memorial service, and preferred disposition of the body. Your loved one should also include any specific instructions for clergy and funeral directors. Location of his or her will. Names of friends and relatives who should be informed of the death.

New York does not allow transfer-on-death deeds for the transfer of vehicle registrations or real estate, but it does allow TOD registrations for stocks and bonds.

A letter of instruction is a cheat sheet for anyone involved in settling your affairs. Unlike a will, this letter has no legal authority. However, it can provide an easy-to-understand explanation of your overall estate plan to your executor and lay out your wishes to your family for things not covered by the will.

Common Ways to Transfer Property After Death Transfer Via Last Will and Testament. Transfer Via Joint Ownership. Transfer Via Trust. Transfer Via Beneficiary Nomination.

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Probate estate with real property. These instructions do not provide legal advice or take the place of consulting with a lawyer.Those classes of surviving relatives who would take the property of decedent pursuant to EPTL 4-1. Should the estate transfer to the heirs before a sale? What are the court "Letters" all about? The Director, Real Estate Transactions and Operations. Can the forms be re-used? Yes. You can re-use the forms for your personal use. Fiduciary: a person in a position of trust with respect to another's property; a general term used to refer to executor, administrator or trustee. In the Matter of the Estate of Hilda Marino, Deceased.

Bronx New York Sample Letter for Decedent's Real Estate Transaction

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