In re the Estate of Janes
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
OPINION OF THE COURT
Denman, P. J.
The question before us is whether a coexecutor was properly held liable for losses to an estate allegedly resulting from the failure of the coexecutor to diversify its investment of estate assets. If we determine that liability was properly imposed, we must then determine the proper measure of damages to be assessed against the coexecutor for its negligent retention of estate assets. We conclude that the Surrogate properly found the coexecutor liable for its negligent failure to diversify and for its inattentiveness, inaction, and lack of disclosure, but that…
2Cases cited47 opinions
- King v. . TalbotNew York Court of Appeals · 1869
- In re the Estate of RothkoNew York Court of Appeals · 1977
- In Re the Accounting of Fulton Trust Co.New York Court of Appeals · 1931
- In re the Accounting of HubbellNew York Court of Appeals · 1951
- Costello v. . CostelloNew York Court of Appeals · 1913
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3Cited by24 opinions
- In Re the Estate of JanesNew York Court of Appeals · 1997
- Scalp & Blade, Inc. v. Advest, Inc.Appellate Division of the Supreme Court of the State of New York · 2003
- Calderon v. Bank of America N.A.District Court, W.D. Texas · 2013
- Caldwell v. Hanes (In Re Hanes)United States Bankruptcy Court, E.D. Virginia · 1997
- Hallin v. HallinCourt of Appeals of Wisconsin · 1999
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