Legal Question in Wills and Trusts in New York
"John Doe" owns a house free and clear and has other assets with no outstanding debt. John Doe changes the Owner of Public Record from "John Doe" to " The living trust of John Doe" but then never bothered to set up a living trust and John Doe dies. What happens to the house and his assets?
Asked on 7/20/14, 7:11 am
2 Answers from Attorneys
David Slater
David P. Slater, Esq.
Estate must go to probate to transfer assets and pay liabilities.
Answered on 7/20/14, 7:54 am
Arnold Nager
Arnold H. Nager, Esquire
It becomes part of his estate.
Answered on 7/21/14, 7:36 am
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