New York A03381 amends the Surrogate's Court Procedure Act to establish a mechanism for proving the existence of a lost or destroyed trust.

New York A03381 amends the Surrogate's Court Procedure Act by adding a new section 1510 to provide a mechanism for proving the existence of a lost or destroyed trust. This includes proving the execution of the trust and any amendments, establishing that the trust has not been revoked, and setting the burden of proof for challenging the trust's validity. The bill also outlines the parties to be notified in such proceedings, including trustees, beneficiaries, and distributees, among others. The act takes effect immediately upon enactment.

New York A03381 amends the Surrogate's Court Procedure Act to establish a mechanism for proving the existence of a lost or destroyed trust.

New York A03381 amends the Surrogate's Court Procedure Act by adding a new section 1510 to provide a mechanism for proving the existence of a lost or destroyed trust. This includes proving the execution of the trust and any amendments, establishing that the trust has not been revoked, and setting the burden of proof for challenging the trust's validity. The bill also outlines the parties to be notified in such proceedings, including trustees, beneficiaries, and distributees, among others. The act takes effect immediately upon enactment.