New York S10469 amends the surrogate's court procedure act to regulate assignments from a decedent's estate to a transferee for value.

New York S10469 amends the surrogate's court procedure act by adding a new section 1425, which governs assignments from a decedent's estate to a transferee for value. This section applies when an assignment is made in exchange for cash or other consideration. It requires certain conditions and a written agreement, including a statement of all costs or fees charged to the beneficiary. The agreement must be filed with the court within forty-five days of execution or issuance of fiduciary letters.

New York S10469 amends the surrogate's court procedure act to regulate assignments from a decedent's estate to a transferee for value.

New York S10469 amends the surrogate's court procedure act by adding a new section 1425, which governs assignments from a decedent's estate to a transferee for value. This section applies when an assignment is made in exchange for cash or other consideration. It requires certain conditions and a written agreement, including a statement of all costs or fees charged to the beneficiary. The agreement must be filed with the court within forty-five days of execution or issuance of fiduciary letters.