Legal Opinion
In re the Estate of Brewster
New York Surrogate's Court
Decided July 13, 1937PublishedCited by 1 opinion
1Opinion of the Court
Feely, S.
Out of the principal of this $200,000 trust fund, some bonds, to mature October 1, 1947, subject to prior call, worth $10,000 at par, were purchased in 1929 by the trustee at $11,187.50; and were called in and paid off October 1, 1936, at $10,500. Meantime part of this cost, to wit, seven-eighteenths, or $461.41, had been repaid to principal out of income, in installments, leaving outstanding now a balance of $226.09 needed to restore the principal, which balance the trustee-beneficiary claims should be borne by the principal, over the objection of the special guardian for some of…
2Cases cited11 opinions
- New England Trust Co. v. EatonMassachusetts Supreme Judicial Court · 1886
- In re the Judicial Settlement of the Account of SchaeferAppellate Division of the Supreme Court of the State of New York · 1917
- In Re the Accounting of StevensNew York Court of Appeals · 1907
- In Re the Accounting of SchaeferNew York Court of Appeals · 1917
- New York Life Insurance & Trust Co. v. BakerNew York Court of Appeals · 1901
6 more not listed; retrieve them via the Exa API.
3Cited by1 opinion
- In re the Accounting of City Bank Farmers Trust Co.New York Surrogate's Court · 1947