Laws of New York (Last Updated: November 21, 2014) |
SCP Surrogate's Court Procedure |
Article 13. SETTLEMENT OF SMALL ESTATES WITHOUT COURT ADMINISTRATION |
Section 1301. Definitions In this article: 1
Latest version.
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A small estate is the estate of a domiciliary or a non-domiciliary who dies leaving personal property having a gross value of $30,000 or less exclusive of property required to be set off under EPTL 5-3.1 (a) (1), (2), (3), (4) and (5). 2. A voluntary administrator is a person who qualifies and undertakes to settle the estate of the decedent without the formality of court administration as hereinafter provided.