co-fiduciary

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21:37 Jul 12, 2018
English to Polish translations [PRO]
Law/Patents - Law (general)
English term or phrase: co-fiduciary
Under New York Surrogate’s Court Procedure Act §707, the following individuals are disqualified from serving as Administrator of an estate:

Infants (under 18 years of age);
Incompetents (lacking sufficient understanding; typically mentally incapacitated);
Non-domiciliary aliens (neither a US citizen nor a US resident), unless they serve with an eligible CO-FIDUCIARY;
Convicted felons;
Persons who do not “possess the qualifications required of a fiduciary by reason of substance abuse, dishonest, improvidence, want of understanding, or who are otherwise unfit to the execution of the office”;
Persons ineligible in the Court’s discretion, for example a person who cannot read or write in the English language.
Arkadiusz Adamowicz
Local time: 10:38


Summary of answers provided
3współzarządca masy spadkowej,
Frank Szmulowicz, Ph. D.


Discussion entries: 2





  

Answers


4 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
współzarządca masy spadkowej,


Explanation:
Według poniższej definicji, fiduciary jest zarządcą masy spadkowej.

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When a decedent passes away intestate (without a will), New York Law (Surrogate’s Court Procedure Act §1001) prescribes who may serve as Administrator of the decedent’s estate. Letters of Administration are granted to the following individuals, in order of priority:

.
.
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It is important to note that certain individuals are disqualified to serve in the role of Administrator (this rule applies to all fiduciaries seeking Letters from the Surrogate). Under New York Surrogate’s Court Procedure Act §707, the following individuals are disqualified from serving as Administrator of an estate:

https://antonelli-legal.com/faq-who-may-serve-as-administrat...

Frank Szmulowicz, Ph. D.
United States
Local time: 04:38
Native speaker of: Native in EnglishEnglish, Native in PolishPolish
PRO pts in category: 1266
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