New York Pooled Income Trust

A pooled income trust allows individuals to preserve their trust resources for living expenses while remaining eligible for public assistance benefit programs like Medicaid. These trusts are operated by certain nonprofit organizations such as Life, Inc., United Community Services Disability Pooled Trust (UCS Trust Services) and NYSARC.

Ancillary Probate in New York

When a person dies, it is the job of the personal representative, or estate executor, to ensure the decedents affairs are handled in accordance with their last will and testament. Such responsibilities include identifying creditors, compiling a list of assets, paying taxes, resolving claims against the estate, and ensuring assets are distributed to heirs.

Responsibilities of an Estate’s Executor

When someone dies, their estate goes through the probate process in surrogate court to ensure that the estate is divided according to the wishes stated in a will and/or other estate plan document. The person named as executor in the will or estate plan has a legal duty to accurately and carefully ensure that the will and estate plan are carried out according to the decedent’s wishes.