In re the Estate of Axe

OPINION OF THE COURT

Evans V. Brewster, S.

In this third intermediate trustees’ accounting, objections have been filed by the guardian ad litem to the payment of investment advisory services during the period between April 15, 1985 and September 30, 1985. The guardian ad litem opposes the investment advisory fees incurred by the trustees as such fees were not expressly authorized by the will.

The decedent and her husband were founders of E. W. Axe & Co. Inc., an investment advisory firm that provided profes*138sional investment advice and guidance. Under her will, her shares of stock in E. W. Axe &…