In re the Estate of Schinasi

The will of Leon Schinasi who died in August, 1930, disposed of an estate of about $5,000,000. The principal assets, including real property then worth about $2,700,000, were held by testator’s solely owned Schinasi Commercial Corporation, the dissolution of which was commanded by the will. Dissolution was accomplished in July, 1931, and title to the real property went to the executors. The executors were the widow, a brother-in-law of testator, two children of testator and respondent Bankers Trust Company. The trust company and the widow were named in the will as trustees of so much of the…