Legal Opinion
In re the Accounting of Horowitz
New York Surrogate's Court
Decided June 16, 1944PublishedCited by 7 opinions
1Opinion of the Court
MgGtarey, S.
The reservation by the accounting fiduciaries, out of the income of the real property embraced in the trust-,of the residuary estate, of a portion thereof, for the purpose of establishing a fund for depreciation and obsolescence of said premises is improper. It 3s contra to the established law of this *557State in the administration of a testamentary trust. (Matter of Chapman, 32 Misc. 187, affd. 59 App. Div. 624, affd. 167 N. Y. 619; Smith v. Keteltas, 62 App. Div. 174; Matter of Adler, 164 Misc. 544; Matter of Edgar, 157 Misc. 10.) The respondent’s objection thereto is accordingly…
2Cases cited5 opinions
- In re the Estate of AdlerNew York Surrogate's Court · 1937
- Smith v. KeteltasAppellate Division of the Supreme Court of the State of New York · 1901
- In re the Judicial Settlement of the Account of ChapmanNew York Surrogate's Court · 1900
- In re ChapmanAppellate Division of the Supreme Court of the State of New York · 1901
- In re the Estate of EdgarNew York Surrogate's Court · 1935
3Cited by7 opinions
- In re the Estate of DaviesNew York Surrogate's Court · 1950
- In re the Accounting of HerzNew York Surrogate's Court · 1957
- Cue Oil Co. v. Fornea Oil Co.Mississippi Supreme Court · 1950
- In re the Accounting of OttmannNew York Surrogate's Court · 1949
- In re the Accounting of MorseNew York Surrogate's Court · 1950
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