Bill Text: NY A08457 | 2009-2010 | General Assembly | Amended

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Bill Title: Increases the maximum value of a small estate from $30,000 to $100,000.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2010-05-17 - print number 8457a [A08457 Detail]

Download: New_York-2009-A08457-Amended.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                        8457--A
                              2009-2010 Regular Sessions
                                 I N  A S S E M B L Y
                                     May 21, 2009
                                      ___________
       Introduced  by  M.  of  A.  ENGLEBRIGHT -- read once and referred to the
         Committee on Judiciary -- recommitted to the Committee on Judiciary in
         accordance with Assembly Rule 3, sec. 2 -- committee discharged,  bill
         amended,  ordered reprinted as amended and recommitted to said commit-
         tee
       AN ACT to amend the surrogate's court  procedure  act,  in  relation  to
         increasing the value of a small estate
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Subdivision 1 of section  1301  of  the  surrogate's  court
    2  procedure act, as amended by chapter 300 of the laws of 2008, is amended
    3  to read as follows:
    4    1.  A small estate is the estate of a domiciliary or a non-domiciliary
    5  who dies leaving personal property having a  gross  value  of  [$30,000]
    6  $100,000 or less exclusive of property required to be set off under EPTL
    7  5-3.1 (a) (1), (2), (3), (4) and (5).
    8    S 2. This act shall take effect January 1, 2011.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD06098-03-0