In re the Estate of Solinger
New York Surrogate's Court
1Opinion of the Court
William T. Collins, S.
In respect of the discretionary power to invade principal, the objections of the special guardian are explicitly stated to be directed to the exercise of the discretion by the joint act of the two trustees, including the trustee-beneficiary. He makes no contention that the payments constituted an abuse of discretion. The proof submitted by the corporate fiduciary shows that each request for payment of principal was carefully studied by three different persons and that the decision of the trustee was made independently of the decision of any cotrustee. An officer stated…
2Cited by4 opinions
- Alexander v. AlexanderSupreme Court of Arkansas · 1978
- In re the Estate of HoweNew York Surrogate's Court · 1956
- In re the Estate of WarfieldNew York Surrogate's Court · 1977
- Estate of McArdle v. CommissionerUnited States Tax Court · 1981