New York Laws
EPT - Estates, Powers and Trusts
Article 7 - Trusts

7-1.11 - Application of Principal to Creator of Trust as Reimbursement for Taxes - (a) Notwithstanding any contrary provision of law, the trustee of...

7-1.12 - Supplemental Needs Trusts Established for Persons With Severe and Chronic or Persistent Disabilities - (a) Definitions: When used in this section, unless otherwise expressly...

7-1.13 - Division of Trusts and Establishment of Separate Trusts - (a) Notwithstanding any contrary provision of law, unless expressly prohibited...

7-1.14 - Who May Make a Lifetime Trust - Any person, as defined in 1-2.12, may by lifetime trust...

7-1.15 - What Property May Be Disposed of by Lifetime Trust - Every estate in property may be disposed of by lifetime...

7-1.16 - Revocation of Lifetime Trust by Will - A lifetime trust shall be irrevocable unless it expressly provides...

7-1.17 - Execution, Amendment and Revocation of Lifetime Trusts - (a) Every lifetime trust shall be in writing and shall...

7-1.18 - Funding of Lifetime Trust - A lifetime trust shall be valid as to any assets...

7-1.19 - Application for Termination of Uneconomical Trust. - (a) Notwithstanding sections 7-1.5 and 7-2.4 of this article or...

Part 2 - Rules Governing Trustees

7-2.1 - Extent of Trustee's Estate - (a) Except as otherwise provided in this article, an express...

7-2.2 - When Estate of Trustee Ceases - When the purpose for which an express trust is created...

7-2.3 - Trust Estate Not to Descend on Death of Trustee; Appointment, Duties and Rights of Successor Trustee - (a) On the death of the sole surviving trustee of...

7-2.4 - Act of Trustee in Contravention of Trust - If the trust is expressed in the instrument creating the...

7-2.5 - Suspension of Powers of Trustee in War Service - (a) Whenever a trustee of an express trust is engaged...

7-2.6 - Resignation, Suspension or Removal of Trustee - (a) Subject to the relevant provisions of the civil practice...

7-2.7 - Accounting by Trustee in Supreme Court - (a) Any proceeding for an accounting or other relief brought...

7-2.8 - Commissions of Trustee to Sell Real Property for Benefit of Creditors - creditors A trustee of a trust to sell real property...

Part 3 - Rights of Purchasers, Creditors and Other Persons

7-3.1 - Disposition in Trust for Creator Void as Against Creditors - (a) A disposition in trust for the use of the...

7-3.2 - Bona Fide Purchasers and Creditors Protected - An express trust not declared in the disposition to the...

7-3.3 - Person Paying Money to the Trustee Protected - A person who in good faith transfers money or property...

7-3.4 - Excess Income From Trust Property Subject to Creditors' Claims - Where a trust is created to receive the income from...

7-3.5 - Rights of Creditors to Obtain Information Concerning Beneficiaries - (a) Any person who has furnished necessaries to a beneficiary...

Part 5 - Bank Accounts in Trust Form

7-5.1 - Definitions - (a) A "beneficiary" is a person who is described by...

7-5.2 - Terms of a Trust Account - (1) The trust can be revoked, terminated or modified by...

7-5.3 - Payment to Beneficiary - (a) If the beneficiary survives the depositor under the circumstances...

7-5.4 - Effect of Payment - A financial institution which, upon the death of a depositor...

7-5.5 - Rights Not Affected - (1) The rights of creditors of the depositor or his...

7-5.6 - Joint Depositors - If a trust account is established in the names of...

7-5.7 - Multiple Beneficiaries. - (a) Whenever any proceeds of a trust account would pass...

7-5.8 - This part shall apply to all funds in trust accounts,...

Part 6 - Uniform Transfers to Minors Act

7-6.1 - Definitions - (a) "Adult" means an individual who has attained the age...

7-6.2 - Scope and Jurisdiction - (a) This part applies to a transfer that refers to...

7-6.3 - Nomination of Custodian - (a) A person having the right to designate the recipient...

7-6.4 - Transfer by Gift or Exercise of Power of Appointment - A person may make a transfer by irrevocable gift to,...

7-6.5 - Transfer Authorized by Will or Trust - (a) A personal representative or trustee may make an irrevocable...

7-6.6 - Other Transfer by Fiduciary - (a) Subject to paragraph (c), a personal representative or trustee...

7-6.7 - Transfer by Obligor - (a) Subject to paragraphs (b) and (c), a person not...

7-6.8 - Receipt for Custodial Property - A written acknowledgement of delivery by a custodian constitutes a...

7-6.9 - Manner of Creating Custodial Property and Effecting Transfer; Designation of Initial Custodian; Control - (a) Custodial property is created and a transfer is made...

7-6.10 - Single Custodianship - A transfer may be made only for one minor, and...

7-6.11 - Validity and Effect of Transfer - (a) The validity of a transfer made in a manner...

7-6.12 - Care of Custodial Property - (a) A custodian shall: (1) take control of custodial property;...

7-6.13 - Powers of Custodian - (a) A custodian, acting in a custodial capacity, has all...

7-6.14 - Use of Custodial Property - (a) A custodian may deliver or pay to the minor...

7-6.15 - Custodian's Expenses, Compensation, and Bond - (a) A custodian is entitled to reimbursement from custodial property...

7-6.16 - Exemption of Third Person From Liability - (a) the validity of the purported custodian's designation; (b) the...

7-6.17 - Liability to Third Persons - (a) A claim based on (1) a contract entered into...

7-6.18 - Renunciation, Resignation, Death, or Removal of Custodian; Designation of Successor Custodian - (a) A person nominated under 7-6.3 or designated under 7-6.9...

7-6.19 - Accounting by and Determination of Liability of Custodian - (a) A minor who has attained the age of fourteen...

7-6.20 - Termination of Custodianship - (a) the minor's attainment of twenty-one years of age with...

7-6.21 - Age Eighteen Election - Notwithstanding the foregoing sections of this part, if with respect...

7-6.22 - Effect on Existing Custodianships - (a) Any transfer of custodial property made before January first,...

7-6.23 - Applicability - (a) the transfer purports to have been made under the...

7-6.24 - Uniformity of Application and Construction - This part shall be applied and construed to effectuate its...

7-6.25 - Short Title - This part may be cited as "The New York Uniform...

7-6.26 - Severability - If any provisions of this part or its application to...

Part 7 - Child Performer Trust Account

7-7.1 - Child Performer Trust Account - (a) is employed or agrees to render artistic or creative...

Part 8 - Honorary Trusts for Pets

7-8.1 - Trusts for Pets - (a) A trust for the care of a designated domestic...

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New York Laws EPT - Estates, Powers and Trusts Article 7 - Trusts

New York Laws
EPT - Estates, Powers and Trusts
Article 7 - Trusts