Fasano v. Digiacomo

1 Citing case

  1. SETTLEMENT FUNDING v. AXA EQUITABLE LIFE INSURANCE CO

    06 CV 5743 (HB) (S.D.N.Y. Sep. 30, 2010)   Cited 6 times

    These strict requirements were imposed in 1997 in recognition that adherence to formality "reduces substantially the potential for foul play." Fasano v. DiGiacomo, 49 A.D.3d 683, 685 (2d Dept. 2008) (quoting Senate Introducer Mem. in Support, Bill Jacket, L. 1997, ch. 139, at 8). If the formalities are not observed, a valid trust is not formed, and subsequent transactions entered into by the invalid trust may be declared null and void.