Legal Opinion
In Re the Accounting of Central Hanover Bank & Trust Co.
New York Court of Appeals
Decided July 19, 1945PublishedCited by 7 opinions
1Opinion of the CourtLoughran, J.
In this proceeding for settlement of an intermediate account of a testamentary trustee, the Surrogate sustained objections that were filed by beneficiaries and surcharged the account accordingly. The Appellate Division affirmed.
The first surcharge is for the amount of losses which resulted from investments of the trust principal that were made in parts of bonds and mortgages. On this branch of the case the question is one of testamentary construction.
The will of the testator was probated in 1929. By Item Seventh thereof, he left three quarters of his residuary estate to the trustee. Item…
2Cited by7 opinions
- In re the Accounting of Central Hanover BankAppellate Division of the Supreme Court of the State of New York · 1949
- In re the Accounting of Central Hanover Bank & Trust Co.Appellate Division of the Supreme Court of the State of New York · 1951
- In re the Accounting of First Trust & Deposit Co.Appellate Division of the Supreme Court of the State of New York · 1952
- In re the Accounting of Central Hanover Bank & Trust Co.New York Surrogate's Court · 1948
- Hirsh v. HirshSupreme Court of Virginia · 1969
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