In re the Estate of Levy
New York Surrogate's Court
1Opinion of the Court
S. Samuel Di Falco, S.
In this accounting proceeding instructions are requested of the court as to the investment power of the trustee and the successor corporate fiduciary-appointed herein. The testator’s will states: “in general, I give and grant unto the said trustees as full and complete power and authority over the said Trust Estate and each and every part thereof as I, myself, might, could or would have, if living, or as individuals owning similar properties or securities in their own right, might, could or would have or exercise.” Words of similar import have been interpreted to mean…
2Cases cited3 opinions
- King v. . TalbotNew York Court of Appeals · 1869
- In re the Estate of WilmerdingNew York Surrogate's Court · 1929
- In re Estate of DasNew York Surrogate's Court · 1960