In re the Estate of Louchhein

S. Samuel Di Falco, S.

The executors, who also are trustees under the will, request that the seventh and eighth articles of that instrument, insofar as such provisions pertain to the retention of investments and the making of reinvestments, be construed. The seventh article authorizes the fiduciaries to retain any investments made by the testator in his lifetime and this authorization, if it were standing alone, would be a grant of permission to the fiduciaries to continue such investments in the exercise of due care and prudence (Matter of Clark, 257 N.Y. 132, 135; Personal Property Law, §…