In re the Accounting of Cohen

Collins, S.

The decedent owned 10,827 shares of stock out of a total of 20,000 issued shares of A. S. Holding Co., Inc. Trustees under indentures of trust made by the decedent and his wife owned 7,550 shares. One of these trustees is also the accounting executor. The remaining 1,623 shares were owned by the daughters of the decedent. The assets of the corporation consisted of marketable securities, cash, stock of Armand Schmoll, Inc., and loans receivable amounting to $275,955.83 of which the decedent himself owed $267,955.83. The balance was owed to the corporation by his daughters.

The…