N.Y. Estates, Powers & Trusts Law § 3-4.5
Insurance proceeds from specific disposition not subject to
New York · New York Estates, Powers & Trusts Law · Status: effective · Effective 2014-09-22
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- N.Y. Estates, Powers & Trusts Law § 3-4.5, Insurance proceeds from specific disposition not subject to, New York, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/1105083
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Full text
§ 3-4.5 Insurance proceeds from specific disposition not subject to
ademption
Where insurance proceeds from property which was the subject of a
specific disposition are paid after the testator's death, such proceeds,
to the extent received by the personal representative, are payable by
him to the beneficiary of such disposition; and such proceeds retain the
character of a specific disposition for all other purposes, including
12-1.2 and 13-1.3.