What happens if I move to another state while my estate is still in the process of being settled?
If you move out of state while your estate is still being settled in New York, it is important to understand the laws of both states and how they may affect your estate plan. For example, New York has laws that govern how long an estate must stay open before it can be closed, while the new state may have different laws. In addition, certain documents related to the estate, such as the will, may need to be re-filed in the new state to be valid. It is also important to keep in mind that different states may have different tax laws that could affect the assets in the estate. In addition, if the estate involves real estate, then it may be necessary to have the title put in the name of the new state. Furthermore, if the estate involves any court proceedings, like probate, then the court in the new state could need to assume jurisdiction over the estate. It is best to contact a lawyer or other estate planning professional for guidance if you are considering a move while your estate is in the process of being settled. They can help you understand how your estate plan may be affected by the move and provide advice on how to comply with the laws of both states.
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