In re the Judicial Settlement of the Account of Williamsburgh Trust Co.

New York Surrogate's Court

In re the Judicial Settlement of the Account of Williamsburgh Trust Co.

8 Mills Surr. 233, 72 Misc. 592, 131 N.Y.S. 989

DecidedJune 15, 1911

StatusPublished

This text of 8 Mills Surr. 233 (In re the Judicial Settlement of the Account of Williamsburgh Trust Co.) is published on Counsel Stack Legal Research, covering New York Surrogate's Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

In re the Judicial Settlement of the Account of Williamsburgh Trust Co., 8 Mills Surr. 233, 72 Misc. 592, 131 N.Y.S. 989 (N.Y. Super. Ct. 1911).

Pincite

Opinion

Ketcham, S.

There should be no commissions upon the principal fund when the trustee asks, for reasons purely personal to itself, to be relieved from the trust before its completion. In this case, the trustee resigns because of its own desire to liquidate its affairs and to retire from business. Any allowance upon the corpus, which by its act is made subject to the commissions of its successor, would, to that degree, impose a double burden upon the estate.

Decreed accordingly.

Free access — add to your briefcase to read the full text and ask questions with AI

Ketcham, S.

There should be no commissions upon the principal fund when the trustee asks, for reasons purely personal to itself, to be relieved from the trust before its completion. In this case, the trustee resigns because of its own desire to liquidate its affairs and to retire from business. Any allowance upon the corpus, which by its act is made subject to the commissions of its successor, would, to that degree, impose a double burden upon the estate.

Decreed accordingly.

Cite This Page — Counsel Stack

Bluebook (online)

8 Mills Surr. 233, 72 Misc. 592, 131 N.Y.S. 989, Counsel Stack Legal Research, https://law.counselstack.com/opinion/in-re-the-judicial-settlement-of-the-account-of-williamsburgh-trust-co-nysurct-1911.