3-4.5 - Insurance Proceeds From Specific Disposition Not Subject to Ademption

NY Est Pow & Trusts L § 3-4.5 (2019) (N/A)
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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.