N.Y. Comp. Codes R. & Regs. Tit. 22 § 207.20 - Inventory of assets
(a) The fiduciary or the attorney of
record shall furnish the court with an Inventory of Assets form which
identifies the following:
(1)
those assets that either were owned by the decedent individually, including
those in which the decedent had a partial interest, or were payable or
transferrable to the decedent's estate, by indicating the total value thereof
by letter only for one of the following categories: A-under $10,000; B-$10,000
to under $20,000; C-$20,000 to under $50,000; D-$50,000 to under $100,000;
E-$100,000 to under $250,000; F-$250,000 to under $500,000; G-$500,000 or over;
and
(2) those assets
held in trust; those assets over which the decedent had the power to designate
a beneficiary; jointly owned property; and all other non-probate property of
the decedent by checking yes or no.
(b) The Inventory of Assets form shall
be filed with the court within nine months of the date letters issued to the
fiduciary or as the court otherwise directs.
(c) In the event the Inventory of Assets
is not filed, the court may refuse to issue certificates, may revoke the
letters and may refuse to issue new ones until such list has been filed and the
fees paid as provided in SCPA 2402. Failure to file such list of assets may
also constitute grounds for disallowance of commissions or legal
fees.
(d) If any
additional filing fees are due, they shall be paid to the court at the time of
the submission of the inventory.
Notes
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