Saturday, December 15, 2018    

Kevin Kiley Talks about Wills, Family Trusts, and Estate Planning, Part II - Kiley Video Library



Subscribe to the
Kiley Law Newsletter
Email
Name

Medical Malpractice

Review Your Case

Kiley Law Firm Attorneys

Kiley Bed Bug Case Press
Kevin Kiley Talks about Wills, Family Trusts, and Estate Planning, Part II


Kevin Kiley Talks about Wills, Family Trusts, and Estate Planning, Part II Transcripts:

Interviewer: That raises another interesting point, that we hear the term that if a person did not file a will that it goes to probate, and people start hearing, ''Oh, the word ''probate,'' I'm going to lose a lot of money, or the family could possibly lose a lot of money.'' Is that really the case that takes place?

KK: Well, let me just clarify the terms. When you say if someone did not have a will, in that case they actually have what they call an administration. A probate proceeding involves by definition the probating of a last will and testament. In an administration proceeding, you're going to court saying this person had no will, and you're asking to administer the estate. The ultimate duties of the executor and the administrator are similar; the administrator is charged with ascertaining the assets, paying off the debts, taking care of the taxes, and the bills of the last illness, and distributing in that case in accordance with the direction of the New York State legislature. So, for instance, if the legislature says if your spouse passes away and you're surviving him or her, and you have children, the spouse receives the first $50,000 of assets and one half of the remainder. The remaining half would go to the children, which, when there's no will, may not have been the intention of the decedent. It also then necessitates the appointment of a guardian for the child to manage the child's assets or the assets that the child receives through the administration.


Kiley Law Firm Video Library

- About Don Kiley, Part I
- About Don Kiley, Part II
- Don Speaks Candidly about Automobile Insurance, Part I
- Don Speaks Candidly about Auto Insurance, Part II
- Don Speaks Candidly About Auto Insurance, Part III
- Kevin Kiley Speaks About the Firm, Part I
- Kevin Kiley Speaks About the Firm, Part II
- Kevin Kiley Speaks About the Firm, Part III
- Kevin Kiley Talks about Wills, Family Trusts, and Estate Planning, Part I
- Kevin Kiley Talks about Wills, Family Trusts, and Estate Planning, Part II
- Kevin Kiley Talks about Wills, Family Trusts, and Estate Planning, Part III
- Jim Kiley, Growing up in Bayside, NY - Part 1
- Jim Kiley, Growing up in Bayside, NY - Part 2
- Jim Kiley, Growing up in Bayside, NY - Part 3
- Jim Kiley talks about Living Trusts - Part 1
- Jim Kiley talks about Living Trusts - Part 2
- Jim Kiley talks about Personal Injury- Part 1
- Jim Kiley talks about Personal Injury - Part 2
- Jim Kiley talks about Real Estate
- Jim Kiley talks about Social Media - Part 1
- Jim Kiley talks about Social Media - Part 2

Share |
Request a Case Review from Kiley
RECENT VERDICTS
$2.5 million settlement to partygoer punched by drunken guest, blamed host, other
$2 million wrongful death award for a retired 58 year old man killed in a motor vehicle accident
$1.5 million award for the wrongful death of a construction worker who fell nine floors from a midtown Manhattan skyscraper
$3.5 million dollar settlement for car accident victim with a vascular injury to his left leg
$2.4 million structured settlement for car accident victim who sustained a fractured leg
$1.4 million dollar estate litigation award for an heir who was written out of a will and living trust
$1.1 million dollar award in malpractice claim against a chiropractor and neurologist who failed to diagnose a spinal tumor
$1.05 million structured settlement for an HVAC worker who sustained a broken leg in a car accident
$1 million wrongful death structured settlement for man who was crushed in a trash compactor
$975,000 settlement after a jury verdict on liability for car accident victim who sustained a herniated disc requiring surgery
$950,000 settlement for car accident victim who sustained a herniated disc requiring surgery
$800,000 settlement for car accident victim who sustained a herniated disc requiring surgery
$525,000 settlement for medical malpractice victim who sustained partial loss of vision as a result of doctor's failure to monitor her glaucoma condition
$250,000.00 settlement for a car accident victim who sustained a lis frac injury to her right foot requiring surgery
$245,000.00 award for victim of medical malpractice in the misplacement of a feeding tube and the failure to diagnose gastrocolic and colocutaneous fistulas
$225,000 arbitration award for a girl who sustained a fractured leg when struck by a motor vehicle while crossing the street

Click Here for a Free Case Evaluation

Kiley, Kiley and Kiley, PLLC on LinkedIn
Kiley Represents Concertgoer Suit Against Rap Trio Migos

Represented by Donald Kiley Jr., concertgoer claims he was "attacked and assaulted" by fellow unprovoked concertgoers who felt "comfortable to engage in mischief and physical violence" at the encouragement of the rappers. Read more...


House Counsil for the TRUMP Management Inc.
Kiley Introduction Video

Kiley Law Firm Mobile Website
Kiley Law Firm Makes The Front Page of The NEW York Law Journal

HIGHLIGHT: Kiley Law Firm makes the front page of the New York Law Journal Read more...


Kiley Law Firm on YouTube


Law Firm
Click Here to submit
a payment to
Kiley, Kiley & Kiley, PLLC.

Pay for Cases Using Xprss-Pay.

Home | Kiley Law Firm Blog | Medical Malpractice | Personal Injury | Trusts and Estate Planning | Corporate / Real Estate | Business Transactions | Slip and Fall
Contact Us | Kiley on Facebook | Kiley on Twitter | Kiley on YouTube | Kiley on LinkedIn | Kiley on Google

Kiley, Kiley & Kiley, PLLC
Let Our Family Help Your Family.

Se Habla Espanol

107 Northern Boulevard, Suite 304 | Great Neck, NY 11021 U.S.A.
Phone: (516) 466-7900 | Fax: (516) 466-7903 | Sitemap

New York Counties Serviced:
Nassau | Suffolk | Queens | Richmond | Bronx | Kings | Westchester | New York


Areas of Interest:
Medical Malpractice | Personal Injury | Trusts and Estate Planning | Corporate Law | Real Estate
Business Transactions |
Bed Bug Case In the Press | Spaghetti Sauce Incident | And More...

Copyright 2018 - Kiley, Kiley & Kiley, PLLC. All Rights Reserved. This web site is designed for general information only.
The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship. See
Privacy Policy.