Fiduciaries play a crucial role in estate administration—and they’re entitled to compensation for their services. Whether outlined in a Will or Trust or determined by New York law, payments depend on estate size and responsibilities.

Unmarried couples should draft a comprehensive legal agreement, including a "living together contract," as part of their estate plan. If you do not want to marry but want to live together in an unmarried relationship, it is critical to create an agreement that clearly defines expectations, terms, and responsibilities.