All parties are in agreement, as indeed they must be, that the direction in the will for accumulation of income is invalid and that the income directed to be so accumulated belongs "to the persons presumptively entitled to the next eventual estate" (Real Property Law, § 63). The next eventual estate is "the estate which is to take effect upon the happening of the event which terminates...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.
