Bill Text: NY A05616 | 2013-2014 | General Assembly | Introduced

New York Assembly Bill 5616 (Prior Session Legislation)

Introduced

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) 2014-01-08 - referred to judiciary [A05616 Detail]

Download: New_York-2013-A05616-Introduced.html

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         5616
                              2013-2014 Regular Sessions
                                 I N  A S S E M B L Y
                                     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    S  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