In re the Accounting of City National Bank of Binghamton

Appeal from a decree of the Broome County Surrogate’s Court. The will divided the residue of testator’s estate into equal amounts from which life estates were created for the benefit of his two sons. In the trust for the benefit of appellant, George Arthur Hall, it was provided that the trustee might in its discretion purchase a suitable home for this son at a cost of not more than $10,000 payable out of the trust fund and convey to him absolutely. This power has not yet been exercised. After the will was drawn testator paid George Arthur Hall $4,000 and that son executed a receipt in writing…