Legal Question in Wills and Trusts in New York

My late father set up a trust for my brothers and I. The interest from the trust was to go to my stepmother during her lifetime. The quarterly payments went to her daughter as she was incapacitated. She died in January and the remainder of the trust was distributed to me and my brothers several months ago. The daughter has now come back and said we missed a payment several years ago. Can she claim these funds this much later once the estate has been settled and distributed? Is there a statute of limitations?


Asked on 7/29/10, 8:17 pm

1 Answer from Attorneys
Michael Markowitz Michael A. Markowitz, PC

Yes, there is a 6 years statute of limitations period.

Mike.

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Answered on 8/04/10, 5:54 am


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