Legal Opinion
In re the Estate of Young
New York Surrogate's Court
Decided May 15, 1936PublishedCited by 5 opinions
1Opinion of the Court
Slater, S.
In this judicial settlement of an intermediate account of proceedings, objections have been filed with regard to an investment of trust funds.
Many beneficiaries of trusts have been caught in the maelstrom of financial distress of the last few years. On such occasions they turn to the courts as agencies to decide the legality of investments. King v. Talbot (40 N. Y. 76) has for years provided the test for the care which trustees must exercise in handling other people’s money. It is the vigilance and diligence of a prudent man. In later years the courts have approved, and. the…
2Cases cited15 opinions
- King v. . TalbotNew York Court of Appeals · 1869
- Costello v. . CostelloNew York Court of Appeals · 1913
- Barry v. . LambertNew York Court of Appeals · 1885
- Matter of Union Trust Co. (Hoffman Estate)New York Court of Appeals · 1916
- In re the Judicial Settlement of the Account of Proceedings of Central Hanover Bank & Trust Co.Appellate Division of the Supreme Court of the State of New York · 1934
10 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- In re the Estate of MendlesonNew York Surrogate's Court · 1965
- Birmingham Trust & Savings Co. v. StrongSupreme Court of Alabama · 1939
- In re the Estate of SchmidtNew York Surrogate's Court · 1937
- In re the Estate of SheldonNew York Surrogate's Court · 1936
- Corn Exchange Bank Trust Co. v. Ekenberg, New York County Courts1936