Wednesday, April 8, 2015

As executor do I need a notarized receipt for small items such as pictures and inexpensive jewelry that are specifically mentioned in a will...

Question

As executor do I need a notarized receipt for small items such as pictures and inexpensive jewelry that are specifically mentioned in a will that will be probated in New York.



Answer

You should obtain a signed "receipt and release" from each beneficiary that receives estate assets. This will provide evidence that they received the items to which they are entitled, and it will release you from any liability.



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