In re the Estate of Bashford

Foley, S.

The single question presented in this trustee’s accounting is whether certain dividends on shares of stock which were declared prior to the death of the life beneficiary but made payable to stockholders of record on a date subsequent thereto, belong to the estate of the life" beneficiary or to the remaindermen of the trust. Differently stated, does the date of the declaration of the dividend or the date of the record of the stockholders fix its ownership?

Among the assets of the trust were shares of common stock in the General Electric Company, a corporation organized under the. laws…