PART 1. RULES GOVERNING TRUSTS
Section 7-1.1 When trust interests not to merge. 7-1.2 Trustee of passive trust not to take. 7-1.3 Purchase-money resulting trust abolished. 7-1.4 Purposes for which trust may be created. 7-1.5 When trust interest inalienable; exception. 7-1.6 Application of principal to income beneficiary. 7-1.7 Interest remaining in creator of trust. 7-1.8 Duration of trust for benefit of creditors. 7-1.9 Revocation of trusts. 7-1.10 Provision by non-domiciliary creator as to law to govern trust. 7-1.11 Application of principal to creator of trust as reimbursement for taxes. 7-1.12 Supplemental needs trusts established for persons with severe and chronic or persistent disabilities. 7-1.13 Division of trusts and establishment of separate trusts. 7-1.14 Who may make a lifetime trust. 7-1.15 What property may be disposed of by lifetime trust. 7-1.16 Revocation of lifetime trust by will. 7-1.17 Execution, amendment and revocation of lifetime trusts. 7-1.18 Funding of lifetime trust.
PART 2. RULES GOVERNING TRUSTEES
Section 7-2.1 Extent of trustee`s estate. 7-2.2 When estate of trustee ceases. 7-2.3 Trust estate not to descend on death of trustee; appointment, duties and rights of successor trustee. 7-2.4 Act of trustee in contravention of trust. 7-2.5 Suspension of powers of trustee in war service. 7-2.6 Resignation, suspension or removal of trustee. 7-2.7 Accounting by trustee in supreme court. 7-2.8 Commissions of trustee to sell real property for benefit of creditors.
PART 3. RIGHTS OF CREDITORS AND OTHER PERSONS
Section 7-3.1 Disposition in trust for creator void as against creditors. 7-3.2 Bona fide purchasers and creditors protected. 7-3.3 Person paying money to the trustee protected. 7-3.4 Excess income from trust property subject to creditors` claims. 7-3.5 Rights of creditors to obtain information concerning beneficiaries.
PART 5. BANK ACCOUNTS IN TRUST FORM
Section 7-5.1 Definitions. 7-5.2 Terms of a trust account. 7-5.3 Payment to beneficiary. 7-5.4 Effect of payment. 7-5.5 Rights not affected. 7-5.6 Joint depositors. 7-5.7 Multiple beneficiaries. 7-5.8 Application.
NY EPTL Index
Gifts to Minors Act
Charitable trusts
Read our article on Trusts.
Probate Proceedings
NY statute on rights of
surviving family members
Section 7-6.1 Definitions. 7-6.2 Scope and jurisdiction. 7-6.3 Nomination of custodian. 7-6.4 Transfer by gift or exercise of power of appointment. 7-6.5 Transfer authorized by will or trust. 7-6.6 Other transfer by fiduciary. 7-6.7 Transfer by obligor. 7-6.8 Receipt for custodial property. 7-6.9 Manner of creating custodial property and effecting transfer; designation of initial custodian; control. 7-6.10 Single custodianship. 7-6.11 Validity and effect of transfer. 7-6.12 Care of custodial property. 7-6.13 Powers of custodian. 7-6.14 Use of custodial property. 7-6.15 Custodian`s expenses, compensation and bond. 7-6.16 Exemption of third person from liability. 7-6.17 Liability to third persons. 7-6.18 Renunciation, resignation, death or removal of custodian; designation of successor custodian. 7-6.19 Accounting by and determination of liability of custodian. 7-6.20 Termination of custodianship. 7-6.21 Age eighteen election. 7-6.22 Effect on existing custodianships. 7-6.23 Applicability. 7-6.24 Uniformity of application and construction. 7-6.25 Short title. 7-6.26 Severability.
