Petition of Kimberly Lindsay Friedman, as Guardian of the infant Cora Winnett Friedman, seeking permission to renounce an interest on behalf of Cora Winnett Friedman in the Estate of SHARON LINDSAY Deceased Pursuant to EPTL §2-1.1(d)(1).

In the Matter of the Petition of Kimberly Lindsay Friedman, as Guardian of the infant Cora Winnett Friedman, seeking permission to renounce an interest on behalf of Cora Winnett Friedman in the Estate of SHARON LINDSAY Deceased Pursuant to EPTL §2-1.1(d)(1). File No.: 2014- 3411 — Kimberly Lindsay Friedman ("Petitioner"), the mother and limited guardian of the property of the infant Cora Winnett Friedman, petitions for authorization to renounce the infant's intestate share in Sharon Lindsay's ("Decedent") estate.

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In the Matter of the Petition of Kimberly Lindsay Friedman, as Guardian of the infant Cora Winnett Friedman, seeking permission to renounce an interest on behalf of Cora Winnett Friedman in the Estate of SHARON LINDSAY Deceased Pursuant to EPTL §2-1.1(d)(1). File No.: 2014- 3411 — Kimberly Lindsay Friedman (“Petitioner”), the mother and limited guardian of the property of the infant Cora Winnett Friedman, petitions for authorization to renounce the infant’s intestate share in Sharon Lindsay’s (“Decedent”) estate.

Decedent died intestate on May 21, 2014. Her distributees are her spouse, son and daughter. The daughter is the petitioner herein. The estate is valued at approximately $6,250,000.00. The portion of Decedent’s estate passing to Petitioner and her brother is subject to New York Estate Tax of approximately $200,000.00. If the entire estate were to pass to their father, Decedent’s spouse, it would do so free of estate tax due to the marital deduction. To avoid the imposition of estate taxes Petitioner avers that if the Court allows her to renounce on behalf of the infant she and her brother will renounce their share allowing Decedent’s entire estate to pass tax free to their father.¹ Petitioner indicates that if she is not permitted to renounce on behalf of the infant, she will not renounce. Petitioner maintains that it is in the “best interest” of Decedent’s distributees to renounce to avoid the imposition of estate taxes, while renouncing on behalf of the infant has no pecuniary effect on the infant as the infant only possesses a contingent interest in Decedent’s estate.

Petition of Kimberly Lindsay Friedman, as Guardian of the infant Cora Winnett Friedman, seeking permission to renounce an interest on behalf of Cora Winnett Friedman in the Estate of SHARON LINDSAY Deceased Pursuant to EPTL §2-1.1(d)(1).

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