Legal Opinion

In re the Estate of Hayman

New York Surrogate's Court

Decided December 5, 1941PublishedCited by 3 opinions

1Opinion of the Court

Foley, S.

The principal question in this accounting proceeding is whether a grant of authority to the trustees to invade the *13principal of the trust created in the fourth paragraph of the will, is mandatory or discretionary.

In this paragraph of the will the testatrix gave to her trustees ten per cent of her estate, not exceeding, however, the sum of $15,000, with directions to pay the net income thereof in quarterly installments to Carrie Hirsch, who had been her maid. She further declared that if the net income so payable to the beneficiary during any year shall not amount to $750, then “ I…

2Cases cited1 opinion

  1. In re the Estate of CarrNew York Surrogate's Court · 1941

3Cited by3 opinions

  1. In re the Accounting of City Bank Farmers Trust Co.New York Supreme Court · 1958
  2. In re the Estate of TuskaNew York Surrogate's Court · 1962
  3. Curry v. CommissionerCourt of Appeals for the Seventh Circuit · 1946

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