Legal Opinion
In re the Judicial Settlement of the Account of the Chase Manhattan Bank
New York Court of Appeals
Decided March 30, 2006PublishedCited by 19 opinions
1Opinion of the Court
OPINION OF THE COURT
Graffeo, J.
In this proceeding by a trustee seeking judicial settlement of a final account, we are asked whether the trustee’s distribution of trust assets comported with the settlor’s intent. We conclude that it did not and therefore reverse the order of the Appellate Division.
In December 1973, A. Charles Pioch (Charles) established two trusts designed to benefit himself, his daughter Kathleen and two charitable institutions. The first, a charitable remainder annuity trust (the CRAT), was funded with assets valued at $400,000. The second, a lifetime trust (the LTT), was…
2Cases cited5 opinions
- Mercury Bay Boating Club Inc. v. San Diego Yacht ClubNew York Court of Appeals · 1990
- Central Union Trust Co. v. TrimbleNew York Court of Appeals · 1930
- In re the Construction of Trust between Gilbert & Chase Manhattan BankNew York Court of Appeals · 1976
- In re the Estate of HopkinsNew York Surrogate's Court · 1983
- In re the Estate of CheneyNew York Surrogate's Court · 1976
3Cited by19 opinions
- In Re the Judicial Settlement of the Intermediate Account of HSBC Bank USA, N.A.Appellate Division of the Supreme Court of the State of New York · 2012
- In Re Estate of WallensNew York Court of Appeals · 2007
- Whitehouse v. GahnAppellate Division of the Supreme Court of the State of New York · 2011
- Matthews v. Cadwalader, Wickersham & Taft, LLPAppellate Division of the Supreme Court of the State of New York · 2009
- Metal Goods & Manufacturers Insurance Trust Fund v. Advent Tool & Mold, Inc.New York Supreme Court · 2008
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