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A 2573A - Prohibits the Ban on Individuals Convicted of a Felony That Prevent Them From Being Appointed Fiduciary of an Estate - New York Key Vote

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Title: Prohibits the Ban on Individuals Convicted of a Felony That Prevent Them From Being Appointed Fiduciary of an Estate

Signed by Governor Kathy Hochul


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Title: Prohibits the Ban on Individuals Convicted of a Felony That Prevent Them From Being Appointed Fiduciary of an Estate

Vote Smart's Synopsis:

Prohibits the ban on individuals convicted of a felony that prevents them from being appointed fiduciary of an estate, and instead allows the court the discretion to permit or prevent such appointment.

Highlights:

 

  • Establishes that the court may declare the following people ineligible to act as fiduciary (Sec. 1): 

    • A person unable to read and write the English language; or

    • An individual convicted of a felony whose crime may be adverse to the welfare of the estate, including but not limited to, crimes such as embezzlement or any crime where there was a misappropriation of money or a breach of fiduciary duty.

Full Bill Text

Title: Prohibits the Ban on Individuals Convicted of a Felony That Prevent Them From Being Appointed Fiduciary of an Estate

Title: Prohibits the Ban on Individuals Convicted of a Felony That Prevent Them From Being Appointed Fiduciary of an Estate

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