Bill Text: NY A07412 | 2019-2020 | General Assembly | Amended
Bill Title: Removes the prohibition on individuals convicted of a felony that prevents them from being appointed fiduciary of an estate; allows the court the discretion to permit or prevent such appointment of an individual convicted of a felony; and allows for the appointment of an interpreter during the appointment process for the fiduciary of an estate.
Spectrum: Partisan Bill (Democrat 13-0)
Status: (Introduced - Dead) 2020-09-09 - print number 7412a [A07412 Detail]
Download: New_York-2019-A07412-Amended.html
STATE OF NEW YORK ________________________________________________________________________ 7412--A 2019-2020 Regular Sessions IN ASSEMBLY May 1, 2019 ___________ Introduced by M. of A. FALL, DICKENS, D'URSO, WILLIAMS, SAYEGH, GOTT- FRIED, O'DONNELL, WRIGHT, EPSTEIN, ORTIZ, BARRON, PICHARDO -- Multi- Sponsored by -- M. of A. COOK -- read once and referred to the Commit- tee 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 removing the prohibition on individuals convicted of a felony that prevents them from being appointed fiduciary of an estate The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Paragraphs (d) and (e) of subdivision 1 and subdivision 2 2 of section 707 of the surrogate's court procedure act, paragraph (e) as 3 amended by chapter 514 of the laws of 1993, are amended and a new subdi- 4 vision 3 is added to read as follows: 5 (d) [a felon6(e)] one who does not possess the qualifications required of a fiduci- 7 ary by reason of substance abuse, dishonesty, improvidence, want of 8 understanding, or who is otherwise unfit for the execution of the 9 office. 10 2. Persons ineligible in court's discretion. The court may declare 11 ineligible to act as fiduciary: 12 (a) a person unable to read and write the English language; or 13 (b) an individual convicted of a felony whose crime may be adverse to 14 the welfare of the estate, including but not limited to, crimes such as 15 embezzlement or any crime where there was a misappropriation of money or 16 a breach of fiduciary duty. 17 3. Interpreter. Upon request of a person subject to the court's 18 discretion under subdivision two of this section, the court shall 19 provide an interpreter to interpret the testimony of any person who does 20 not speak the English language well enough to be readily understood. 21 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD10968-05-0