In re the Estate of Vaughan

Harry G. Herman, S.

In this accounting proceeding by the sole surviving trustee the petition requests that the court furnish advice and directions as to the allocation as between principal and income of certain stock distributions made by General Electric Company and Standard Oil Company of New Jersey.

The decedent died in April, 1940 and his will dated February 7, 1939 was admitted to probate by a decree of this court dated May 28, 1940. The will named decedent’s widow and Bankers Trust Company as executors and trustees and both served until the death of the widow in September, 1961. Bankers…