In re Reid
Opinion of the Court
Ordered that the order is affirmed insofar as appealed from, with costs.
The petitioner, Inheritance Funding Company, Inc. (hereinafter the petitioner), filed a petition against, among others, the co-administrators of the estate of Kerice Reid, seeking, inter alia, the judicial settlement of their account. The petitioner alleged that the co-administrators had agreed to assign a portion of their interest in the estate to it in exchange for an immediate tender of funds. After the co-administrator Marilyn Blake defaulted in answering the petition, an order was entered against her granting the petition to the extent of directing her to pay certain funds to the petitioner. Thereafter, the petitioner filed the instant petition, among other things, pursuant to SCPA 809 (3) for a summary determination against Fidelity and Deposit Company of Maryland (hereinafter Fidelity) on its claim to recover on a bond Fidelity issued to the co-administrators.
In the order appealed from, the Surrogate’s Court, among other things, denied that branch of the petitioner’s motion which was for summary judgment on the petition insofar as asserted against Fidelity and granted Fidelity’s cross motion for summary judgment dismissing the petition insofar as asserted against it, without prejudice to the petitioner “asserting any . . . claims against Fidelity . . . in an estate accounting proceeding in which Fidelity ... is joined as an interested party.”
“A fiduciary’s liability must first be determined by the Sur
Accordingly, the Surrogate properly denied that branch of the petitioner’s motion which was for summary judgment on the petition insofar as asserted against Fidelity and granted Fidelity’s cross motion for summary judgment dismissing the petition insofar as asserted against Fidelity, without prejudice to the petitioner “asserting any . . . claims against Fidelity ... in an estate accounting proceeding in which Fidelity ... is joined as an interested party.” Skelos, J.P, Dickerson, Eng and Sgroi, JJ., concur.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.