Bill Text: NY A01367 | 2017-2018 | General Assembly | Introduced

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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) 2018-01-03 - referred to judiciary [A01367 Detail]

Download: New_York-2017-A01367-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          1367
                               2017-2018 Regular Sessions
                   IN ASSEMBLY
                                    January 11, 2017
                                       ___________
        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.
                                                                   LBD03500-01-7