New York Statutes
§ 10-7.2 — Creditors of the donee; general power presently exercisable
New York § 10-7.2
JurisdictionNew York
Law EPTEstates, Powers & Trusts
Part 7Rights of Creditors In Appointive Property
Art. 10Powers
This text of New York § 10-7.2 (Creditors of the donee; general power presently exercisable) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.Y. Estates, Powers & Trusts § 10-7.2 (2026).
Text
§ 10-7.2 Creditors of the donee; general power presently exercisable\n Property covered by a general power of appointment (other than one\nexercisable solely for the support, maintenance, health and education of\nthe donee within the meaning of sections 2041 and 2514 of the Internal\nRevenue Code) which is presently exercisable, or of a postponed power\nwhich has become exercisable, is subject to the payment of the claims of\ncreditors of the donee, his estate and the expenses of administering his\nestate. It is immaterial whether the power was created in the donee by\nhimself or by some other person, or whether the donee has or has not\npurported to exercise the power.\n
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Related
In re the Accounting of Granwell
228 N.E.2d 779 (New York Court of Appeals, 1967)
In re the Estate of McMurtry
68 Misc. 2d 553 (New York Surrogate's Court, 1971)
In re the Estate of Smith
79 Misc. 2d 105 (New York Surrogate's Court, 1974)
In re the Estate of Beckwith
87 Misc. 2d 649 (New York Surrogate's Court, 1976)
In re the Estate of Albasi
196 Misc. 2d 314 (New York Surrogate's Court, 2003)
In re the Trusts Created by Chappell
25 Misc. 3d 704 (New York Surrogate's Court, 2009)
Nearby Sections
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Bluebook (online)
New York § 10-7.2, Counsel Stack Legal Research, https://law.counselstack.com/statute/ny/EPT/10-7.2.