Matter of Zabatta (Galgo)

2024 NY Slip Op 33178(U)
CourtSurrogate's Court, New York County
DecidedSeptember 5, 2024
DocketFile No. 2018-175/A
StatusUnpublished

This text of 2024 NY Slip Op 33178(U) (Matter of Zabatta (Galgo)) is published on Counsel Stack Legal Research, covering Surrogate's Court, New York County primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Matter of Zabatta (Galgo), 2024 NY Slip Op 33178(U) (N.Y. Super. Ct. 2024).

Opinion

Matter of Zabatta (Galgo) 2024 NY Slip Op 33178(U) September 5, 2024 Surrogate's Court, New York County Docket Number: File No. 2018-175/A Judge: Hilary Gingold Cases posted with a "30000" identifier, i.e., 2013 NY Slip Op 30001(U), are republished from various New York State and local government sources, including the New York State Unified Court System's eCourts Service. This opinion is uncorrected and not selected for official publication. New York County Surrogate's Court DATA ENTRY DEPT. SURROGATE'S COURT OF THE STATE OF NEW YORK SEP ·O 5 2024 COUNTY OF NEW YORK ------------------------------------------------------------------x Proceeding by Patrick G. Zabatta, Executor of the Estate of File No.: 2018-175/A GABOR GALGO,

Deceased,

To Compel Tum Over of the Monies Withheld, and to Suspend Bank Account Activity in Respect Thereof Pending Said Turnover. -------------------------------------------------------------------x

GINGOLD, S.

In this uncontested turnover petition, petitioner seeks an order directing the current trustee

of The Galgo Family Trust under agreement dated October 31, 2000 between Gabor Galgo and

Anna Galgo, as grantors and trustees (hereinafter, "trust"), to deliver life insurance proceeds to

petitioner. According to the petition, Gabor Galgo (hereinafter, "decedent") designated the trust as

beneficiary for his life insurance policy. After decedent's death, the trustee collected the life

insurance proceeds and deposited them in a trust bank account he created. Petitioner claims the

life insurance proceeds belong to the estate and should be turned over to him, as executor of

decedent's will.

The trust was jointly created by decedent and his first wife Anna Galgo (hereinafter, "Ms.

Galgo"), who predeceased him. Property was initially placed in a joint trust, where it remained

separate or community property, pursuant to the terms of Article I of the trust document. The life

insurance proceeds were be considered community property, absent any designation to the

contrary. 1 Upon Ms. Galgo's death, community property passed in equal shares to the Husband's

1 Article !(A) states, "The transfer of any property to the Trustees may be accompanies by a specification in writing

signed by both spouses that it is community property, the separate property of Husband or Wife or property held as tenants in common, joint tenants or tenants by the entirety ... In the absence of such a specification, the Trustees shall

[* 1] Separate Trust and the Wife's Separate Trust. 2 After decedent's death, the Husband's Separate

Trust passed to decedent's descendants pursuant to Articles III(C)(2) 3 and III(D). 4 According to

the terms of Article XIII, if decedent had no descendants, the Husband's Separate Trust would

pass to his intestate takers as if he had no spouse. 5 The Wife's Separate Trust flowed through

several trusts, with the remaindermen ultimately being her descendants. 6 According to the terms

of Article XIII, if Ms. Galgo had no descendants, the funds from her trust would pass to her

intestate takers as if she had no spouse.

Therefore, petitioner has failed to provide sufficient evidence that decedent's estate is

entitled to all or any of the life insurance proceeds. First, petitioner is incorrect in his assertion that

decedent's will supersedes the trust with regards to insurance proceeds because the will was

executed at a later date. EPTL 13-3.2[a] states that no statute governing the transfer of property by

will can impair or defeat the rights of life insurance beneficiaries (see McCarthy v Aetna Life Ins.

treat transferred property as community property without any duty to inquire further into the ownership of such property unless the Trustees have actual knowledge that it is not community property." 2 Article 11(8)( I) states, "The balance of the community property shall be divided into two equal shares. One share

shall be added to and disposed ofas part of the Husband's Separate Trust, and one share shall be added to and disposed of as part of Wife's Separate Trust." 3 Article Ill{C)(2) states, "If Wife does not survive Husband, the Trustees shall distribute a fractional share equal to

Husband's Available GST Exemption to Husband's descendants who survive Husband, per stirpes, subject to the terms of the Descendants' Trusts" pursuant to Article XII (hereinafter, "Descendants' Trusts"). Article XII(D) contains a savings clause. 4 Article Ill{D) states, "The Trustees shall distribute the residue of the Trust Fund ... as follows: ... If Wife does not

survive Husband, to Husband's descendants who survive him, per stirpes, however, to the terms of the Descendants' Trusts under this Agreement." 5 Article XIII states, "If the provisions of this Agreement fail to effectively dispose of any property that property shall

be distributed to the persons, and in the proportions, that the contributing Settlor's estate would be distributed if the contributing Settlor died at the same time as the expiration of the interest of the last beneficiary of the property hereunder, without a Will, unmarried, a resident of the State of New York, owning only that property, under the law then in effect." 6 Article IV(C)(I) states, "If Husband survives Wife: ... The Trustees shall distribute a fractional share equal to the

greater of(i) Wife's Estate Tax Exemption and (ii) Wife's Available GST Exemption to the Trustees of Wife's Family Trust under this Agreement, to be disposed ofunder the terms of that trust." Article IV(D) states, "The Trustees shall distribute the residue of the Trust Fund ... as follows: ... If Husband survives Wife, to the Trustees of Wife's Marital Trust for Husband under this Agreement, to be disposed of under the terms of that Trust." Article IX(8)(2) states, "The balance of the property then held in Wife's Marital Trust for Husband shall be distributed: ... To Wife's descendants then living, per stirpes, subject, however, to the terms of the Descendants' Trusts." Article XI(B) states, "Upon Husband's death, the property then held in Wife's Family Trust shall be distributed: ... to Wife's descendants then living, per stirpes, subject, however, to the terms of the Descendants' Trusts."

[* 2] Co., 92 NY2d 436 [ 1998] [holding the designated beneficiary was entitled to the life insurance

proceeds even though decedent's will, which had been executed years after his life insurance

designation, made a specific provision for life insurance benefits]; Lincoln Life & Annuity Co. of

NY. v Caswell, 31 AD3d 1 [1st Dept 2006] ["[A] general testamentary statement in the insured's

will does not override a prior designation of the policy beneficiary that was made in the manner

provided by the policy."]).

Second, petitioner has provided no proof that the trust was revoked pursuant to its terms in

Article XX. 7 Moreover, petitioner's contention that the life insurance proceeds pass through the

trust to only decedent's estate, 8 and not that of Ms. Galgo's as well, is contradicted by the terms

of the trust. Instead, according to the terms of Article XIII, if the decedent had no descendants, the

Husband's Separate Trust would pass to his intestate takers as if he had no spouse. Likewise, if

Ms. Galgo had no descendants, the Wife's Marital Trust for Husband and Wife's Family Trust

would pass to her intestate takers as if she had no spouse. Thus, according to the terms of the trust,

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Related

People v. Quackenbush
670 N.E.2d 434 (New York Court of Appeals, 1996)
McCarthy v. Aetna Life Insurance
704 N.E.2d 557 (New York Court of Appeals, 1998)
Lincoln Life & Annuity Co. v. Caswell
31 A.D.3d 1 (Appellate Division of the Supreme Court of New York, 2006)

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