S 2578 New York Senate · 2025 Regular Session

Relates to the enforcement of a judgment against certain trust and annuities in the case of minor victims of sexual abuse

This bill (S 2578) changes how certain financial assets can be used to pay compensation for minor victims of specific sexual crimes. It removes an exemption that previously protected trusts, annuities, and similar accounts held for a judgment debtor (the person who owes money), making these assets subject to payment in cases where a minor was a victim of rape in the first degree, aggravated sexual abuse, or sexual conduct against a child. The key provision amends New York's Civil Practice Law to require these assets be used to satisfy judgments for physical or psychological injury caused by those offenses. This directly affects minor victims of these crimes and their ability to recover compensation from the perpetrator's assets held in certain financial accounts.
Sub-Topics: Victims' Rights
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 21, 2025 Last action Jan 7, 2026