Legal Opinion
In re the Estate of Chusid
New York Surrogate's Court
Decided June 20, 1969PublishedCited by 16 opinions
1Opinion of the Court
Nathan R. Sobel, S.
The will of George Chusid after providing a trust for his wife out of the residuary equal to the full marital deduction, directs the division of the balance of the residue into 10 equal shares in trust for his sons. Three tenths are allocated as a trust for his son Sol Chusid. Specific .provisions applicable solely to that trust make it in nature a spendthrift trust (to pay or apply the income to the use of the beneficiaries) but in law a discretionary trust.
Under the will the principal of Sol Chusid 5s trust is also payable to him in periodic installments of 5% of total…
2Cases cited25 opinions
- Claim of Raymond v. Estate of DavisNew York Court of Appeals · 1928
- Wetmore v. . WetmoreNew York Court of Appeals · 1896
- Matter of WentworthNew York Court of Appeals · 1920
- Brearley School, Ltd. v. WardNew York Court of Appeals · 1911
- Bergmann v. . LordNew York Court of Appeals · 1909
20 more not listed; retrieve them via the Exa API.
3Cited by16 opinions
- Marine Midland Bank v. Portnoy (In Re Portnoy)United States Bankruptcy Court, S.D. New York · 1996
- Wanamaker v. WanamakerNew York City Family Court · 1978
- In re the Estate of RothkoNew York Surrogate's Court · 1972
- In re Jacqueline F.New York Surrogate's Court · 1978
- Laborers Union Local 1298 v. Frank L. Lyon & Sons, Inc.New York Supreme Court · 1971
11 more not listed; retrieve them via the Exa API.