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NY A07723
Bill
Status
Introduced
6/6/2023
Primary Sponsor
John Zaccaro
Click for details
AI Summary
- Amends the surrogate's court procedure act to establish new fee rates for large estates valued at $500,000 and above
- Replaces the previous single fee of $1,250 for estates valued at $500,000 and over with a tiered fee structure that ranges from $1,250 to $10,000 depending on estate value
- Establishes fee rates of $1,875 for estates $750,000-$999,999; $2,500 for $1,000,000-$1,999,999; $5,000 for $2,000,000-$2,999,999; $7,500 for $3,000,000-$4,999,999; and $10,000 for estates $5,000,000 and over
- Takes effect thirty days after enactment and applies to surrogate's court actions and proceedings commenced on or after the effective date
Legislative Description
Relates to establishing new fee rates for large estates; raises the fee rate for estates with a value over $5,000,000 to $10,000.
Last Action
referred to judiciary
1/3/2024
Committee Referrals
Judiciary6/6/2023
Full Bill Text
No bill text available