The New York Surrogate’s Court Procedure Act (SCPA) is a set of rules and guidelines that govern the administration of estates and trusts in the state of New York. One of the key sections of this act is SCPA 2103,…
In recent years, advancements in assisted reproductive technology (ART) have made it possible for individuals to conceive children long after the death of an intended parent. As a result, courts and legislatures have been grappling with the legal and ethical…
When it comes to estate planning, one of the most important decisions you will make is selecting an executor or trustee. These individuals will be responsible for administering your estate or trust, ensuring your assets are distributed according to your…
Fiduciary Accountability In New York, a fiduciary is an individual or organization entrusted with the responsibility of managing the property and assets of another party. Fiduciaries include executors, administrators, and trustees. They have a legal obligation to act in the…
This article outlines the key aspects every New York trustee should know to fulfill their fiduciary duties and successfully manage a trust. A trustee is a person or entity entrusted with the responsibility of managing and distributing the assets of…