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SMALL ESTATES (Settled by Voluntary Administration in New York)
SMALL ESTATES (Settled by Voluntary Administration in New York)
New York
Surrogate's Court Procedures Act
§1301
Definitions In This Article
1. A small estate is the estate of a domiciliary or a non-domiciliary who dies leaving personal property having a gross value of $30,000 or less exclusive of property required to be set off under EPTL 5-3.1 (a) (1), (2), (3), (4) and (5). [NOTE: THE VALUE OF A SMALL ESTATE HAS BEEN INCREASED TO $50,000.00 - Please see the following Blog for more information]
2. A voluntary administrator is a person who qualifies and undertakes to settle the estate of the decedent without the formality of court administration as hereinafter provided.
Disclaimer: These codes may not be the most recent version. I make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to any other site. Please check official sources.
Surrogate's Court Procedures Act
§1301
Definitions In This Article
1. A small estate is the estate of a domiciliary or a non-domiciliary who dies leaving personal property having a gross value of $30,000 or less exclusive of property required to be set off under EPTL 5-3.1 (a) (1), (2), (3), (4) and (5). [NOTE: THE VALUE OF A SMALL ESTATE HAS BEEN INCREASED TO $50,000.00 - Please see the following Blog for more information]
2. A voluntary administrator is a person who qualifies and undertakes to settle the estate of the decedent without the formality of court administration as hereinafter provided.
Disclaimer: These codes may not be the most recent version. I make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to any other site. Please check official sources.
