QUESTION
Keeping a vacant estate house insured during probate
Asked on Jul 03rd, 2021 on Wills and Probate - New York
More details to this question:
My uncle recently died intestate and his Long Island home is part of his estate. The NY Surrogate Court appointment of an Administrator takes months, so the proposed Administrator is not permitted to sell the house until he/she is confirmed. No one is living in the home and the home owner's insurance company says they will not insure a vacant home. What are people doing to keep insurance on the house? What if squatters move in and accidentally set it on fire? No coverage? Thank you for any advice!
1 ANSWER
Estate Administration Attorney serving New York, NY
at
Damien Bosco, P.C.
Update Your Profile
Hello. My name is Damien. I am a Trusts & Estates attorney in New York City practicing in the New York City metropolitan area. Although the courts are backed up, it is my understanding that they still will consider the issuance of temporary letters of administration (or preliminary letters if there is a WilL offered for probate0. When petitioning, the petitioner can make a written request for the issuance of the temporary letters. At its discretion, the court may accept a written request for such letters. Generally, a court would issue preliminary letters when there is a potential waste of assets. If you need any assistance, a New York Trusts & Estates Attorney could help you.
Answered on Jul 04th, 2021 at 5:03 AM