In re the Accounting of Gulden

Delehanty, S.

The trustees here accounting report their transactions since July 1, 1935, in several trusts created under the will of deceased. Subject to an objection hereafter discussed which relates to the Harriet Gulden Hall trust, it is conceded that the corpus of each trust has a capital value in excess of $100,000. The trustees rendered annual accounts to the beneficiaries and annually retained three full income commissions.

An income beneficiary now takes the position that only a single income commission was allowable to the trustees collectively. In support of this position emphasis is…