New York Laws > Estates, Powers and Trusts > Article 13-A > Part 4 – Fiduciary Duty and Authority, Compliance and Immunity
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Other versions
| § 13-A-4.1 | Fiduciary duty and authority |
| § 13-A-4.2 | Custodian compliance and immunity |
Terms Used In New York Laws > Estates, Powers and Trusts > Article 13-A > Part 4 - Fiduciary Duty and Authority, Compliance and Immunity
- Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Decedent: A deceased person.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Executor: A male person named in a will to carry out the decedent
- Fiduciary: A trustee, executor, or administrator.
- Personal property: All property that is not real property.
- Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. Source: OCC
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.