Legal Opinion

In re Franklin Trust Co.

New York Surrogate's Court

Decided March 15, 1918PublishedCited by 2 opinions

Proceeding upon accounting by trustees.

1Opinion of the Court

Ketcham, S.

All the parties justly concede that the testatrix, who was the donee of a power of appoint*144ment contained in her husband’s will, did exercise that power by a will which disposed of her whole estate without mention of the power or of the estate which was the subject thereof.

It remains only to determine to whom the fund was appointed, whether to beneficiaries personally, who should take directly from the older estate, or to the executors of the later estate for the purpose of application to the legacies which they were directed to pay.

Examination of the will of the donee of the power,…

2Cases cited4 opinions

  1. Lockwood v. . MildebergerNew York Court of Appeals · 1899
  2. In re the Appraisal of Certain Funds by the Will of SeaverAppellate Division of the Supreme Court of the State of New York · 1901
  3. In re the Estate of LowndesNew York Surrogate's Court · 1908
  4. In re the Estate of TillinghastNew York Surrogate's Court · 1916

3Cited by2 opinions

  1. Syracuse Trust Co. v. FullerNew York Supreme Court · 1930
  2. Cohen Testamentary Trust v. CommissionerUnited States Board of Tax Appeals · 1940

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