In re the Estate of Waxelbaum

Foley, S.

In this accounting proceeding the objectants, the life beneficiary and the remainderman of a trust created under the will of the testatrix, attack the validity of two investments made by the corporate trustee in guaranteed first mortgage participation certificates. The certificates purchased by the trustee were issued by the Lawyers Title and Guaranty Company in the sum of $10,000 each and represent participation interests in bonds and mortgages *46of the respective amounts of $185,000 and $575,000 on improved real property located in the county of Kings.

Paragraph ninth of the will,…