Governor Paterson has signed legislation extending the effective date for the new Power of Attorney statute from March 1, 2009 to September 1, 2009. This provides an additional six months to learn about the significant amendments to GOL 5-1501, which were summarized in a previous posting.
February 2009
A Sop For Cerberus
By Eric W. Penzer on
Posted in Construction of Wills and Trusts, Trusts
This week’s post informs readers of the recent New York County Surrogate’s Court decision regarding whether the trustees of Leona Helmsley’s charitable trust must actually use its funds for the care and welfare of dogs.
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Getting to Know New York’s New Power of Attorney Law
Posted on
Posted in Fiduciaries
This week’s entry explains the significant changes implemented by the new power of attorney legislation scheduled to take effect on March 1, 2009.
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Executor Granted Advance Payment Of Commissions Despite Prohibition In Will
By Eric W. Penzer on
Posted in Fiduciaries
This week’s entry discusses a recent decision on an application for the advance payment of executor’s commissions, and the power of beneficiaries to override a testator’s intent.
Continue Reading Executor Granted Advance Payment Of Commissions Despite Prohibition In Will
New Law – Powers of Attorney in New York
By Frank T. Santoro on
Posted in Fiduciaries
This week’s entry informs readers of recent legislation amending the law and forms pertaining to Powers of Attorney.
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