Legal Opinion
In re the Estate of Diamond
New York Surrogate's Court
Decided September 23, 1987PublishedCited by 1 opinion
1Opinion of the Court
*44OPINION OF THE COURT
Evans V. Brewster, S.
The trustees of this substantial trust, funded principally with interests in real estate formerly owned by the decedent, seek advice and directions with respect to accounting for the net income generated by these properties. They propose to calculate fiduciary accounting income without making any allocation or allowance or reserve for depreciation out of income. This will result in positive accounting income for the year 1986.
Under the last will of decedent, which was admitted to probate on August 10, 1984, one half of the residuary estate was placed…
2Cases cited4 opinions
- In re the Accounting of HerzNew York Surrogate's Court · 1957
- In re the Estate of SchnurNew York Surrogate's Court · 1963
- In re the Estate of SiegelNew York Court of Appeals · 1968
- In re the Estate of SiegelAppellate Division of the Supreme Court of the State of New York · 1968
3Cited by1 opinion
- In re the Estate of ChadrjianAppellate Division of the Supreme Court of the State of New York · 2005