In re the Accounting of Levy

OPINION OF THE COURT

John D. Bennett, J.

This proceeding involves gifts made by a father, now deceased, to his four children under the New York Uniform Gifts to Minors Act. This is only one of several cases involving that act now pending in this court, in all of which counsel have submitted memoranda and spent a great deal of time in research. Almost all appear to have missed the main point by applying the wrong principles of law, due probably to what some term a "paucity of cases” on the subject. Because of the doubts and uncertainties raised the court now deems it important to discuss the act…