In re the Estate of Green
New York Surrogate's Court
1Opinion of the Court
John D. Bennett, S.
In this proceeding to settle their account the trustees ask for specific instructions regarding certain funds for which they charge themselves separately as principal in a reserve account, now totaling $4,915, divided pro rata among five residuary trusts.
Petitioners also ask for instructions as to the disposition of future receipts in the same category, whether they should be credited by the testamentary trustees to principal, income or to a reserve account.
In his lifetime testator set aside $25,000 as grantor under a trust agreement with New York Trust Company as trustee,…
2Cases cited1 opinion
- In re the Accounting of WellerNew York Supreme Court · 1957