A05616 Summary:

BILL NOA05616
 
SAME ASNo same as
 
SPONSOREnglebright
 
COSPNSR
 
MLTSPNSR
 
Amd S1301, SCPA
 
Increases the maximum value of a small estate from $30,000 to $100,000.
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A05616 Actions:

BILL NOA05616
 
03/04/2013referred to judiciary
01/08/2014referred to judiciary
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A05616 Floor Votes:

There are no votes for this bill in this legislative session.
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A05616 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          5616
 
                               2013-2014 Regular Sessions
 
                   IN ASSEMBLY
 
                                      March 4, 2013
                                       ___________
 
        Introduced  by  M.  of  A.  ENGLEBRIGHT -- read once and referred to the
          Committee on Judiciary
 
        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 281 of the laws of 2012, 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).
     8    §  2. This act shall take effect on the first of January next succeed-
     9  ing the date on which it shall have become a law.
 
 
 
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD09354-01-3
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