A New York resident died intestate, leaving most assets in trust. One remaining asset—a $100,000 payable-on-death (POD) bank account—was designated for a relative abroad. The designated beneficiary passed away before claiming the funds. Her estate was later administered in her home country, with a different family member appointed as fiduciary. That fiduciary now seeks to claim the POD account located in New York.
This scenario raises a practical question under New York law: Can a foreign fiduciary collect New York–situs assets without opening a full estate in New York?
🔑 This post is for paying subscribers only
Sign up now and upgrade your account to read the post and get access to all premium content that is only for paying subscribers.
🔑 This post is for subscribers only
Sign up now to read the post. To get access to the full library of premium content, you must be a paying subscriber.
Related News
🔑 Can You Get Ancillary Letters in New York Based on a Small Estate Proceeding?
Jul 17, 2025 — Premium