In re the Estate of Frazer

Delehanty, S.

This account is that of a trust company, organized under the laws of the State of New York, which is acting as trustee of testamentary trusts created by the will of deceased. The filed objections, similar in form, criticize a number of the investments reported by the trustee and may be summarized as follows:(a) That the investments were not proper, reasonable or prudent.(b) That they were not permitted by the will.(c) That they were not legal.(d) That they were made by the trustee at its own risk and that the latter is liable for all losses.(e) That the trust funds should have…