Affidavit Of Assets And Liabilities (Surrogates Court - County Of NY)

AFFIDAVIT OF ASSETS AND LIABILITIES (Required when estate assets exceed $50,000). This form is used in the Surrogate’s Court of New York for administration proceedings when the estate's assets exceed $50,000. This affidavit requires the petitioner to provide a detailed account of the decedent's assets and liabilities, including values for items solely owned by the decedent, as well as any debts and other obligations. The purpose of the affidavit is to assist the court in determining whether a bond should be required for the administrator's appointment and to assess the overall financial situation of the estate. The form must be signed under oath and notarized, ensuring the accuracy of the information provided. www.FormsWorkflow.com