Legal Opinion

In re the Estate of Grossman

New York Surrogate's Court

Decided April 24, 1961PublishedCited by 3 opinions

1Opinion of the Court

S. Samuel Di Falco, S.

In this proceeding to settle its account, the corporate executor, which is also the trustee, has requested a construction of Item Four of the decedent’s will. It is its contention that the language of the paragraph is so broad that it gives the trustee the right to make investments of the trust funds in any manner without restriction to so-called *527legal investments. The language of the paragraph in question reads as follows: ‘ ‘ item four : I hereby grant my said Trustee full power and authority to manage, sell, transfer, assign, vote shares of stock, convey by deed, bill…

2Cases cited4 opinions

  1. In re DoelgerAppellate Division of the Supreme Court of the State of New York · 1938
  2. In Re the Accounting of DoelgerNew York Court of Appeals · 1938
  3. In re National Commercial Bank & Trust Co.Appellate Division of the Supreme Court of the State of New York · 1940
  4. In Re the Will of CarnellNew York Court of Appeals · 1940

3Cited by3 opinions

  1. Estate of Rolin v. CommissionerUnited States Tax Court · 1977
  2. In re the Estate of SnitzerNew York Surrogate's Court · 1962
  3. Estate of Rolin v. CommissionerUnited States Tax Court · 1977

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