Legal Opinion

In re the Estate of Gutman

New York Surrogate's Court

Decided July 28, 1937PublishedCited by 4 opinions

1Opinion of the Court

Delehanty, S.

The court is not willing to open the door to the abuses which certainly would follow the establishment of the principle that fiduciaries may engage the service of investment counsel at the cost of the estate. Such counsel could perform only the duties which the fiduciary himself is charged with performing. If in his own opinion a fiduciary is not competent’ to discharge his duties properly he may always retire on application and proper *681accounting. The undoubted good faith of the moving parties and the undoubted fact that their generous attitude toward the beneficiaries has…

2Cited by4 opinions

  1. In re the Estate of BadenhausenNew York Surrogate's Court · 1963
  2. In re the Estate of GreataNew York Surrogate's Court · 1939
  3. In re the Accounting of McMillanNew York Surrogate's Court · 1957
  4. In re the Estate of BowneNew York Surrogate's Court · 1957

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