Legal Opinion
In re the Estate of Rowland
New York Surrogate's Court
Decided June 11, 1935PublishedCited by 6 opinions
1Opinion of the Court
Wingate, S.
It is a familiar and well-established general rule of estate administration that, as between the life tenant and the remainderman, the former is bound to pay ordinary expenses of maintenance of the property forming the subject-matter of a trust. “ The usual purpose of the testator in providing for a beneficial interest in a trust estate is, that the net income shall be applicable only, and that the corpus, or capital, of the trust estate shall remain intact until the trust shall have determined. The principle has been so long and firmly established that interest on mortgages,…
2Cases cited8 opinions
- Lawrence v. . LittlefieldNew York Court of Appeals · 1915
- In Re the Judicial Settlement of the Account of AlbertsonNew York Court of Appeals · 1889
- In Re the Accounting of Brooklyn Trust Co.New York Court of Appeals · 1932
- Furniss v. . CruikshankNew York Court of Appeals · 1921
- Spencer v. . SpencerNew York Court of Appeals · 1916
3 more not listed; retrieve them via the Exa API.
3Cited by6 opinions
- In re the Judicial Settlement of the Account of WainwrightAppellate Division of the Supreme Court of the State of New York · 1936
- In re the Estate of PelcygerNew York Surrogate's Court · 1936
- In re the Estate of KnoxNew York Surrogate's Court · 1937
- In re the Estate of KupfershmidNew York Surrogate's Court · 1936
- In re the Estate of ManningNew York Surrogate's Court · 1937
1 more not listed; retrieve them via the Exa API.