Legal Opinion

In re the Accounting of Guaranty Trust Co.

New York Surrogate's Court

Decided May 24, 1949Published

1Opinion of the Court

Collins, S.

The trustee petitions for settlement of its inter-

mediate account of proceedings and for a construction of the will. The trust accounted for is comprised of a portion of the residuary estate and was created for the primary benefit of decedent’s brother-in-law and decedent’s niece whose lives meas*460ure the term of the trust and each of whom was entitled to one half of the trust income during their joint lives. Upon the termination of the trust, at the time of the death of the last survivor of the two income beneficiaries, the trust principal is bequeathed to the issue of decedent’s…

2Cases cited6 opinions

  1. In re SelnerAppellate Division of the Supreme Court of the State of New York · 1941
  2. In Re the Will of SelnerNew York Court of Appeals · 1941
  3. In Re the Will of BirdsellNew York Court of Appeals · 1947
  4. First National Bank & Trust Co. v. PalmerNew York Court of Appeals · 1933
  5. In re the Will of ArentsNew York Surrogate's Court · 1943

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