Legal Opinion
In re the Judicial Settlement of the Intermediate Account of the Rochester Trust & Safe Deposit Co.
Appellate Division of the Supreme Court of the State of New York
Decided January 4, 1933PublishedCited by 4 opinions
1Opinion of the CourtEdgcomb, J.
Upon this appeal we are confronted with the perplexing problem of the proper apportionment which should be made of a stock dividend between the life tenant of a trust and the remaindermen. The question is troublesome, and the decisions upon the subject are by no means harmonious.
Arthur T. Hagen died on the 13th day of January, 1917. He left certain property in trust for the benefit of his wife, and directed his trustee to pay the net income to her as long as she lived. Upon her death the property was given to the donor’s grandchildren.
The corpus of the trust fund was made up of $22,520.75 in…
2Cases cited8 opinions
- In Re the Accounting of OsborneNew York Court of Appeals · 1913
- United States Trust Co. v. . HeyeNew York Court of Appeals · 1918
- Bourne v. BourneNew York Court of Appeals · 1925
- In re the Judicial Settlement of the Account of SchaeferAppellate Division of the Supreme Court of the State of New York · 1917
- In Re the Accounting of SchaeferNew York Court of Appeals · 1917
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3Cited by4 opinions
- Biddle v. CommissionerUnited States Tax Court · 1948
- In re the Accounting of National City Bank of TroyNew York Surrogate's Court · 1953
- In re the Estate of VillardNew York Surrogate's Court · 1933
- Biddle v. CommissionerUnited States Tax Court · 1948