FA Benefit Fund - Faculty Association at Suffolk Community College

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FA Benefit Fund - Faculty Association at Suffolk Community College

ESTATES AND ADMINISTRATION BENEFIT

Who is Eligible....You are eligible if you are a covered member or a covered member’s eligible dependent who is named as Executor in a Will. You are also eligible if you are named as executor in a will by a covered member. If there is no Will, you or an eligible dependent who would qualify under intestacy laws to serve as Administrator of the estate will be eligible.

What is the Benefit....This benefit provides all legal services which may be required in connection with the handling of an estate from its inception (the probate of a Will or Petition for Letters of Administration where there is no Will), through all phases of estate administration including tax proceedings and “winding up” of the estate (through accounting and distribution).

With respect to the estate of a deceased member, these services are provided to the surviving spouse or domestic partner or eligible dependent children in those instances where the spouse or domestic partner or eligible dependent children would be entitled to be appointed Executor or Administrator.

PLEASE NOTE: This benefit does not provide legal services of an adversarial nature, e.g., to contest an existing Will.

	Steps in the Legal Process Provided by The Fund through the Panel Law Firm	Amount Paid by Fund Member
A.	Consultation	None
B.	Small Estate Proceedings	$150
C.	Estates other than Small Estate Proceedings	$250 plus*

*The panel law firm has agreed to provide legal representation in these matters with a 25% reduction in its hourly rate, which, for 2002 is $250.00.

(a) For receiving and paying out all sums of money not exceeding $100,000 at the rate of 5 per cent.

(b) For receiving and paying out any additional sums not exceeding $200,000 at the rate of 4 per cent.

(d) For receiving and paying out any additional sums not exceeding $4,000,000 at the rate of 2 1/2 per cent.

(e) For receiving and paying out all sums above $5,000,000 at the rate of 2 per cent.

How to Obtain the Benefit.... To obtain the Estates and Administration Benefit, simply contact the Fund to request an appointment. At the time of the appointment, you and an attorney from the panel law firm will complete the appropriate forms.

BENEFITS QUESTIONS? PLEASE CONTACT MARY AT (631) 732-6500.

Faculty Association - Suffolk Community College - Southampton Building 224J
533 College Rd - Selden, NY 11784-2899 (631) 451-4151 - Fax (631) 732-4584 - Email