The New York Trust Co. v. Murray

On June 6th, 1933, John P. Murray, late of the city of Jersey City, county of Hudson, State of New Jersey, died leaving a last will and testament, which was duly probated by the surrogate of Hudson county on June 19th, 1933. Letters testamentary were issued to the complainant Margaret C. Sheridan, and Mary E. Booth, since deceased. The bill of complaint shows that as of September 6th, 1934, the corpus of the estate amounted to $700,000, and in addition thereto the sum of $41,514.36, which constituted surplus and unexpended income. At the time of the filing of the bill herein, the accumulated…