Legal Opinion
In re the Intermediate Accounting of Hanover Bank
Appellate Division of the Supreme Court of the State of New York
Decided March 16, 1961PublishedCited by 2 opinions
1Opinion of the CourtValente, J.
In a proceeding to settle the intermediate account of a trustee under an inter vivos trust, Special Term has held that adopted children of James B. Ricks — the primary life beneficiary who died on August 14, 1959 — participate with his natural children in receiving income during the continuance of the trust and also participate with the natural children in the distribution of principal upon termination of the trust.
*396The trust created by Sybil Hayward Ricks in December, 1950 provided that the net income was to be paid to the grantor’s son, James B. Ricks during his lifetime. Upon his death and…
2Cases cited9 opinions
- In re the Construction of the Will of UpjohnNew York Court of Appeals · 1952
- In Re the Accounting of LeaskNew York Court of Appeals · 1910
- New York Life Insurance & Trust Co. v. VieleNew York Court of Appeals · 1899
- In Re the Accounting of Title Guarantee & Trust Co.New York Court of Appeals · 1909
- In re the Accounting of Bank of New YorkNew York Supreme Court · 1956
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3Cited by2 opinions
- In re the William M. Kline Revocable TrustNew York Surrogate's Court · 2003
- In re the Estate of LawrenceNew York Surrogate's Court · 1974