Yonke v. D'Angelo

2024 NY Slip Op 32349(U)
CourtNew York Supreme Court, New York County
DecidedJuly 10, 2024
StatusUnpublished

This text of 2024 NY Slip Op 32349(U) (Yonke v. D'Angelo) is published on Counsel Stack Legal Research, covering New York Supreme Court, New York County primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Yonke v. D'Angelo, 2024 NY Slip Op 32349(U) (N.Y. Super. Ct. 2024).

Opinion

Yonke v D'Angelo 2024 NY Slip Op 32349(U) July 10, 2024 Supreme Court, New York County Docket Number: Index No.: 150398/2015 Judge: James E. d'Auguste Cases posted with a "30000" identifier, i.e., 2013 NY Slip Op 30001(U), are republished from various New York State and local government sources, including the New York State Unified Court System's eCourts Service. This opinion is uncorrected and not selected for official publication. INDEX NO. 150398/2015 NYSCEF DOC. NO. 95 RECEIVED NYSCEF: 07/10/2024

SUPREME COURT OF THE STATE OF NEW YORK NEW YORK COUNTY PRESENT: Hon. James E. d’Auguste PART 55 Justice ---------------------------------------------------------------------------------X INDEX NO. 150398/2015 KRISTINA HAMNER YONKE, MOTION DATE 09/22/2018 Plaintiff, MOTION SEQ. NO. 002 -v- for a Compulsory Accounting by George D’Angelo (deceased), Post-Deceased Trustee under Deed of Trust created by Ingrid Yonke (deceased) dated 10/1/2010, DECISION + ORDER ON by David S. D’Angelo and Christopher D’Angelo as MOTION Fiduciaries of George D’Angelo’s Estate, Defendants. ---------------------------------------------------------------------------------X

The following e-filed documents, listed by NYSCEF document number (Motion 002) 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 52, 53, 54, 55, 56, 57, 58, 59, 60, 61, 62, 63, 64, 65, 66, 67, 68, 69, 70, 71, 72, 73, 74, 75, 76, 78, 79, 80, 81, 82, 85 were read on this motion to/for SUMMARY JUDGMENT (AFTER JOINDER) .

This petition concerns the administration of the Ingrid Yonke Trust (the Trust)

by respondent/trustee George A. D’Angelo (George) in which petitioner Kristina Hamner

Yonke (petitioner or Kristina) seeks an accounting of the Trust.

Respondents David D’Angelo and Christopher D’Angelo, as fiduciaries of the Estate of

George D’Angelo and successor trustees of the Trust, move, pursuant to CPLR 3212, for

summary judgment dismissing the petition.

Petitioner cross-moves, pursuant to New York Estates, Powers and Trusts Law (EPTL)

§ 7-2.6 (a) (2), for an order removing respondent David D’Angelo as successor trustee of the

Trust.

For the reasons set forth below, respondents’ motion for summary judgment is granted,

and petitioner’s cross-motion is denied.

150398/2015 HAMNER YONKE, KRISTINA vs. D'ANGELO, GEORGE A. Page 1 of 21 Motion No. 002

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BACKGROUND

The Trust Instrument

By Trust Instrument dated October 1, 2010, Ingrid Yonke (the Decedent) created the

Trust (see Trust Instrument [NYSCEF Doc No. 37]). The Decedent (the Trust’s grantor): (1)

provided that she would be the Trust’s only beneficiary during her lifetime and (2) directed that,

after her death, the Trust would continue to exist for the benefit of her daughter, Kristina (the

Trust’s remainder beneficiary).

Pursuant to the Trust Instrument, the Decedent reserved the right to revoke the Trust

Instrument (see id., ¶ 8 [“This Trust is revocable”]). The Trust Instrument further provides that,

during the Decedent’s lifetime, the Trustee of the Trust shall pay to the Decedent “the net

income” derived from the Trust (see id., ¶ 1 [a]). Thereafter, the Trust Instrument authorizes

the Trustee of the Trust to pay or apply so much of the Trust’s principal as the Trustee shall

determine is necessary for the Decedent’s “medical care, maintenance, support and general

welfare” (see id., ¶ 2).

The Trust Instrument does not provide for the Decedent’s daughter, Kristina, to benefit

from the Trust during the Decedent’s lifetime (see id., ¶ 1 [b]). Instead, the Trust Instrument

provides that, if Decedent had not theretofore revoked or altered the Trust, upon the Decedent’s

death, the Trustee of the Trust shall distribute to Kristina the Trust’s “net income,” and

authorizes the Trustee to invade the Trust’s principal for Kristina’s “health, support,

maintenance and education” (see id.). The Trust Instrument further states that: “[Kristina] may

[by] written request to the trustee withdraw from the principal of the trust the following: up to

one-third (1/3) thereof at any time after such child’s reaching thirty-five (35) years of age [or

150398/2015 HAMNER YONKE, KRISTINA vs. D'ANGELO, GEORGE A. Page 2 of 21 Motion No. 002

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after my death if such child has reached age thirty-five (35)] and the entire balance thereof at

any time after reaching forty (40) years of age” (see id.).

The Decedent appointed George to serve as trustee of the Trust (see generally Trust

Instrument). She also nominated George’s sons, David and Christopher, to serve as successor

trustees in the event that George was not able to administer the Trust (see id., ¶ 7).

George’s Administration Of The Trust During The Decedent’s Lifetime

Following his appointment as Trustee of the Trust, George administered the Trust for

the Decedent’s benefit (see Trust Financial Reports, dated December 31, 2011 and August 7,

2012 [NYSCEF Doc Nos. 39 and 40). During the Decedent’s lifetime, George made more than

$5,000,000 in Trust distributions to, or for the benefit of, the Decedent (see id., schedule D).

George also provided the Decedent with annual financial reports for the Trust and statements

for its investment accounts (see George D’Angelo dep [NYSCEF Doc No. 38], at 70-71).

By Approval of Administration of Trust, dated January 1, 2012 (the Approval

[NYSCEF Doc No. 41), the Decedent approved of George’s administration of the Trust for the

period October 1, 2010 to January 1, 2012, expressly releasing – and indemnifying – him from

liability for his stewardship of the Trust during that period. The Approval, duly executed by

the Decedent, states as follows:

“1. George ... is a trustee under certain trusts created under the Trust Agreement of October 1, 2010 (the ‘Trust’).

2. I have examined the monthly and annual statements, checks, check register, and other records, of or relating to the Trust, including without limitation those of or relating to the accounts of the Trust at UBS Financial Services, Inc. through the present; I find the statements, checks, check registers, and other records, to be true and correct in all particulars and that my assets and the assets of the Trust have been fully accounted for; I acknowledge, approve and affirm that all transactions, dispositions, withdrawals, distributions and payments made by or at the direction of [George] in, among, to and/or from each account or asset have

150398/2015 HAMNER YONKE, KRISTINA vs. D'ANGELO, GEORGE A. Page 3 of 21 Motion No. 002

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been authorized and approved by me and are hereby ratified, affirmed and approved as though done by me; and I accept and approve the aforesaid statements with the same force and effect as though they had been complied into a formal statement of account duly filed with, audited, adjudicated and confirmed absolutely by the court having jurisdiction over the trust.

3. I waive and audit the administration of the trust through the present by the court having jurisdiction over the trust.

4. I waive the preparation of a full accounting of the trust, all assets, principal and income through the present having been fully accounted for and having been paid for ...

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