In re the Intermediate Accounting of Sanford

William 0. Hecht, Jr., J.

This is an application by the trustees of six separate trusts created by John Sanford (since deceased) for determination by the court as to the allocation between principal and income of certain liquidating distributions received by the trustees in respect of the stock of Stephen Sanford & Sons, Inc., held by them in each of the trusts on the dissolution of that corporation.

Four of the trusts were created by inter vivos agreements. Each is the subject of a separate proceeding. Two of the trusts were created by decedent’s last will and testament. These two have been…