Section 2221. Payment of legacy or distributive share to foreign fiduciary 1  


Latest version.
  • Where a beneficiary of an estate is entitled to money or property
      within  the  jurisdiction  of  the  court  and  such  beneficiary  is  a
      non-domiciliary  infant,  incompetent, conservatee  or decedent, payment
      or delivery thereof may be directed  by  the  court  to  the  fiduciary,
      committee  or  conservator, by whatever title such foreign fiduciary may
      be designated, of the property or estate of the non-domiciliary  infant,
      incompetent,  conservatee  or  decedent,  upon proof satisfactory to the
      court that the foreign fiduciary is entitled to receive  such  money  or
      property  in accordance with the terms and conditions of EPTL 13-3.4 and
      that the fiduciary, committee or conservator has filed at  the  domicile
      security  sufficient  to  cover  such  payment  or  delivery  or that no
      security is required at the domicile of the beneficiary.  In the case of
      a deceased beneficiary there shall be submitted proof  that  he  has  no
      known creditors within this state.
        2.    The  court  may  direct  such  payment  or  delivery in a decree
      judicially settling the account of a fiduciary or in  an  order  entered
      upon the application of the fiduciary holding such money or property for
      distribution or of the foreign fiduciary, committee or conservator.