In re the Construction of the Trust Created by Myers
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
Order unanimously modified on the law by striking the third decretal paragraph providing for the payment of interest on the specific gifts and by directing that the actual amount of income earned upon the balances due on *824the gifts to the respective donees be credited to them and the order is otherwise affirmed, with costs payable out of the trust fund to all parties filing briefs. In the circumstances of this case the action of the trustee in withholding distribution of portions of the specific gifts was not only justified but was mandated under subdivision 6 of section 124 of the Decedent…
2Cases cited2 opinions
- In re Bank of New YorkNew York Supreme Court · 1959
- In re the Estate of AhrensAppellate Division of the Supreme Court of the State of New York · 1922