Bill
Bill > S05278
NY S05278
Relates to establishing new fee rates for large estates; raises the fee rate for estates with a value over $5,000,000 to $10,000.
summary
Introduced
02/20/2025
02/20/2025
In Committee
04/29/2025
04/29/2025
Crossed Over
04/29/2025
04/29/2025
Passed
Dead
Introduced Session
2025-2026 General Assembly
Bill Summary
AN ACT to amend the surrogate's court procedure act, in relation to establishing new fee rates for large estates
AI Summary
This bill amends the Surrogate's Court Procedure Act by updating the fee schedule for filing documents related to estates of varying values. Specifically, the bill expands the existing fee structure to include more detailed tiers for larger estates, with a significant focus on estates valued over $500,000. The most notable change is the introduction of new fee rates for estates valued at different ranges, culminating in a $10,000 fee for estates valued at $5,000,000 and over. The new fee schedule provides a more granular approach to charging filing fees, with rates progressively increasing based on the estate's value. For example, estates between $750,000 and $1,000,000 would now be charged $1,875, while estates between $3,000,000 and $5,000,000 would be charged $7,500. The bill will take effect 30 days after becoming law and will apply to actions and proceedings commenced on or after that date, providing a clear timeline for implementation of the new fee structure.
Committee Categories
Justice
Sponsors (3)
Last Action
referred to judiciary (on 04/29/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
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State Bill Page | https://www.nysenate.gov/legislation/bills/2025/S5278 |
BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S05278&term=2025&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S05278 |
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