Legal Opinion
In re the Final Judicial Settlement of the Accounts of the New York Life Insurance & Trust Co.
New York Surrogate's Court
Decided June 15, 1898PublishedCited by 4 opinions
Proceedings, upon the final judicial settlement of the accounts of an administrator with the will annexed.
1Opinion of the Court
Silkman, S.
The life beneficiary excepts to that finding of the referee which approves of the transfer from income to principal account of $150 per year, aggregating $1,350, to make good the principal moneys used in the payment of a premium upon the purchase of United States Government bonds, the purchase of which was expressly authorized by the testator.
To formulate a general rule to be applied in cases of this character which would be in its operation equitable and just,, both to the life tenant and remaindermen, is well nigh impossible. Courts have endeavored to find something in slight…
2Cases cited3 opinions
- McLouth v. . HuntNew York Court of Appeals · 1897
- Matter of Final Accounting of GerryNew York Court of Appeals · 1886
- Bergen v. ValentineNew York Supreme Court · 1882
3Cited by4 opinions
- New York Life Insurance & Trust Co. v. BakerAppellate Division of the Supreme Court of the State of New York · 1899
- Todd v. CommissionerUnited States Board of Tax Appeals · 1941
- New York Life Insurance & Trust Co. v. BakerAppellate Division of the Supreme Court of the State of New York · 1899
- Devenney v. DevenneyOhio Supreme Court · 1906