New York Consolidated Laws, Real Property Actions and Proceedings Law - RPA § 1741. Reference

1. The court may appoint a referee to receive evidence and report his opinion thereon.

2. The referee's report shall include conclusions as to:  what, if any, form, terms and conditions of disposition of the real property or interest would be beneficial to the infant, incompetent person or conservatee, and the reasons therefor;  whether the infant, incompetent person or conservatee is in absolute need of some and what portion of the proceeds of such disposition, for a purpose specified in the petition, in addition to what he might earn by his own exertions;  the value of the property or interest to be disposed of, specifically, as to each separate lot or parcel, with the incumbrances, if any, thereon, and whether there is any person entitled to dower or a life estate, or estate for years.