| Date of Action |
Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|---|---|
| Jan 27, 2012 |
print number 4061a |
| Jan 27, 2012 |
amend and recommit to judiciary |
| Jan 04, 2012 |
referred to judiciary |
| Mar 16, 2011 |
referred to judiciary |
Senate Bill S4061A
2011-2012 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - In Senate Committee Judiciary Committee
Actions
Bill Amendments
2011-S4061 - Details
2011-S4061 - Sponsor Memo
BILL NUMBER:S4061
TITLE OF BILL:
An act
to amend the surrogate's court procedure act, in relation to increasing
the value of a small estate
PURPOSE:
To increase the maximum value of a small estate from $30,000 to
$100,000.
SUMMARY OF PROVISIONS:
Section one of the bill increases the threshold of a small estate from
$30,000 to $100,000.
Section two provides the effective date.
EXISTING LAW:
A small estate is defined as the estate of a domiciliary or a
non-domiciliary who dies leaving personal property having a gross
value of $30,000 or less.
JUSTIFICATION:
Article 13 of the Surrogates Court Procedure Act entitled "Settlement
of Small Estates Without Court Administration" was enacted in 1963 to
allow simplified administration of estates with assets that were
2011-S4061 - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
4061
2011-2012 Regular Sessions
I N S E N A T E
March 16, 2011
___________
Introduced by Sen. JOHNSON -- read twice and ordered printed, and when
printed to be committed 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:
Section 1. Subdivision 1 of section 1301 of the surrogate's court
procedure act, as amended by chapter 300 of the laws of 2008, is amended
to read as follows:
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]
$100,000 or less exclusive of property required to be set off under EPTL
5-3.1 (a) (1), (2), (3), (4) and (5).
S 2. This act shall take effect January 1, 2012.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD07214-01-1
2011-S4061A (ACTIVE) - Details
2011-S4061A (ACTIVE) - Sponsor Memo
BILL NUMBER:S4061A
TITLE OF BILL:
An act
to amend the surrogate's court procedure act, in relation to increasing
the value of a small estate
PURPOSE:
To increase the maximum value of a small estate from $30,000 to
$100,000.
SUMMARY OF PROVISIONS:
Section one of the bill increases the threshold of a small estate from
$30,000 to $100,000.
Section two provides the effective date.
EXISTING LAW:
A small estate is defined as the estate of a domiciliary or a
non-domiciliary who dies leaving personal property having a gross
value of $30,000 or less.
JUSTIFICATION:
Article 13 of the Surrogates Court Procedure Act entitled "Settlement
of Small Estates Without Court Administration" was enacted in 1963 to
allow simplified administration of estates with assets that were
2011-S4061A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
4061--A
2011-2012 Regular Sessions
I N S E N A T E
March 16, 2011
___________
Introduced by Sen. JOHNSON -- read twice and ordered printed, and when
printed to be committed to the Committee on Judiciary -- recommitted
to the Committee on Judiciary in accordance with Senate Rule 6, sec. 8
-- committee discharged, bill amended, ordered reprinted as amended
and recommitted to said committee
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:
Section 1. Subdivision 1 of section 1301 of the surrogate's court
procedure act, as amended by chapter 300 of the laws of 2008, is amended
to read as follows:
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]
$100,000 or less exclusive of property required to be set off under EPTL
5-3.1 (a) (1), (2), (3), (4) and (5).
S 2. This act shall take effect on the first of January next succeed-
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.
LBD07214-02-2
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