Site: nolo.com
... process for small estates, called "voluntary administration of small estates" or "settlement of small ... (that is, all property except for real estate) is less than $50,000. ... If you own real estate, you can't use voluntary administration to transfer that real estate. ... For example, you'll use the estate assets to pay any estate debts. ... For more on New York estate planning issues, see our section on New York Estate Planning. ...