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7 Cards in this Set
- Front
- Back
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NY Statutes Governing Wills
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Estates Powers & Trusts Law (EPTL)
Surrogate's Court Procecdura Act (SCPA) |
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When does the EPTL apply?
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Intestate succession:
*No Will *Improperly executed will *Will challenged & denied probate *Partial intestacy b/c will fails to completely distribute the estate |
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A distributee is...
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person who inherits under intestate successions
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An administrator is...
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someone who administers the estate of the decedent in an administrative proceeding to distribute intestate property
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Order of appointment as administrator
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1. Surviing spouse
2. Kids 3. Grandkids 4. Parent 5. Siblings 6. Any other distributee |
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Satisfaction
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The testacy counterpart to an advance of intestate share; satisfied gift to a will beneficiary
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Distributee
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Person who inherits under intestate succession.
Contrast: Distributee or beneficiary, who inherits under a will. |
