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NY A08969
Bill
Status
Passed
8/30/2010
Primary Sponsor
Helene Weinstein
Click for details
AI Summary
- Increases aggregate value limit for housekeeping utensils, furniture, appliances, jewelry, clothing, electronic and photographic devices from $10,000 to $20,000
- Increases aggregate value limit for family bibles, religious books, pictures, media storage devices from $1,000 to $2,500
- Increases aggregate value limit for domestic and farm animals with food and farm machinery from $15,000 to $20,000
- Increases motor vehicle exemption from $15,000 to $25,000, allowing acquisition above this amount with payment to estate for the excess
- Increases money and cash accounts exemption from $15,000 to $25,000, reduced by any excess value of items acquired under other exemptions
Legislative Description
Expands assets for the benefit of a decedent's family which are exempt from provisions of a will; increases the aggregate amounts applicable thereto; allows for payment of compensation to the estate for acquisitions of assets in excess of the aggregate established therefor.
Last Action
signed chap.437
8/30/2010
Committee Referrals
Judiciary3/11/2010
Rules6/22/2009
Rules6/18/2009
Judiciary6/17/2009
Full Bill Text
No bill text available