In re the Estate of van Hogendorp

Joseph A. Cox, S.

The will of this testatrix created a trust for the benefit of her son and provided that, in addition to the trust income, 5% of the principal be paid to the son at the times he attained designated ages. It has been held ‘ ‘ that the principal payments to the income beneficiary be computed on the current worth of the trust principal at the time each payment becomes due ” (Matter of van Hogendorp, 110 N. Y. S. 2d 579, 580). The court now is asked to determine whether, for the purpose of computing the periodic invasions, trustees’ commissions, attorneys’ fees and other charges…