In re the Accounting of Morse

Buscaglia, S.

This is a petition by the executors to judicially settle their accounts. The gross estate, according to the account filed, amounts to $544,639.64. Of this amount some $72,000 comprises realty.

In the account filed in this court on November 10, 1949, the petitioners, under Item 5 of Schedule I, request an order “directing whether or not they are required to set off a reserve out of the gross rents for depreciation of the buildings embraced in the corpus of the trust”.

At a hearing held before me on January 26, 1950, all the matters embraced in the account, except the question of the…