Legal Opinion
In re Brooklyn Trust Co.
Appellate Division of the Supreme Court of the State of New York
Decided May 15, 1931PublishedCited by 4 opinions
1Opinion of the CourtDavis, J.
The executor of the will of Cornelia B. Jackson, deceased, appeals from portions of the decree of the surrogate on the final accounting of the trustee of a testamentary trust created by Theodore F. Jackson, and presents two propositions:
1. That a cash dividend of 100 per cent declared by the Vandervoort Realty Company is income and not a capital sum.
2. That the proceeds of the sale of certain unproductive real property in the trust estate should be apportioned between principal and income.
There is practically no dispute on the facts. Theodore F. Jackson died on June 18, 1913, at the age of…
2Cases cited18 opinions
- Woodward v. . JamesNew York Court of Appeals · 1889
- Lawrence v. . LittlefieldNew York Court of Appeals · 1915
- McLouth v. . HuntNew York Court of Appeals · 1897
- Brinkley v. . BrinkleyNew York Court of Appeals · 1872
- In Re the Judicial Settlement of the Account of AlbertsonNew York Court of Appeals · 1889
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3Cited by4 opinions
- In re the Estate of PelcygerNew York Surrogate's Court · 1936
- In re the Estate of HeubachNew York Surrogate's Court · 1937
- In re the Estate of OtisNew York Surrogate's Court · 1936
- In re the Estate of HaffenNew York Surrogate's Court · 1935