Legal Opinion

In re the Estate of Bullen

New York Surrogate's Court

Decided September 13, 1961PublishedCited by 1 opinion

1Opinion of the Court

John D. Bennett, S.

In this proceeding for advice and direction as to the sale of the stock of a close corporation held by the trustee, and the construction of certain portions of the will, the court approves the contract of sale annexed to the papers and directs the sale in accordance with its terms.

While the will grants to the executor and trustee unlimited discretionary authority with regard to investments, at the hearing held and in the special guardian’s report it was indicated that the corporate business is such as would not warrant investment therein by the ordinary reasonable prudent…

2Cited by1 opinion

  1. In re the Estate of JannellaNew York Surrogate's Court · 1962

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