New York Surrogate's Court, 1920

In re the Estate of Brown

In re the Estate of Brown
New York Surrogate's Court · Decided December 15, 1920 · Foley
115 Misc. 710

Counsel

Thompson, Freedman & Cook, for petitioner., Miller, King, Lane & Trafford, for respondent., Edward R. Otheman, for Fidelity Trust Company., James C. Linden, for Howard Chichester., Hedges, Ely & Frankel, for Hospital of the Protestant Episcopal Church in Philadelphia.

In re the Estate of Brown

Opinion of the Court

Foley, S.

The net amount of the trust fund bequeathed to Fidelity Trust Company was $48,276.40. The cestui is entitled to the income earned thereon from the date of the death of testator to the date when the fund was set up, and the decree should so provide. Matter of Parkin, 190 App. Div. 875; Matter of Stanfield, 135 N. Y. 292. Interest on the legacy to Howard Chichester- should be paid from one year after the grant of letters. Interest should be figured on both of these legacies at the rate earned on the entire estate during that period. The delay was not occasioned by any neglect of the executor. The estate was in litigation, and the title to the whole estate was involved. The account shows that both the legacies were paid as soon as the executor could properly do so.

Decreed accordingly.

Case-law data current through December 31, 2025. Source: CourtListener bulk data.