In re the Trusts Made by Lifgren

Appeal from that part of an order of the Surrogate’s Court of Otsego County (Becker, S.), entered September 15, 2005, which, upon reargument, partially denied an accounting of a certain trust.

This appeal involves a challenge to the release and informal accounting of the estate of Derwood K. Lifgren (hereinafter decedent) and the qualified terminable interest property trust (hereinafter QTIP trust) created under his will. Decedent executed a will in 1993 which directed that his shares of Astrocom Electronics, Inc. stock, a closely held company of which decedent was chair and sole stockholder,…