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MATTER OF PEARSON

13 Misc.2d 257 (1958)

In the Matter of The Estate of Edward P. Pearson, Deceased.

Surrogate's Court, New York County.

June 10, 1958.

Attorney(s) appearing for the Case

Angulo, Cooney, Marsh & Ouchterloney for City Bank Farmers Trust Company, petitioner.

Mahoney, Spohr & Mahoney for Margery P. Stoddard, respondent.

James R. Cherry, in person, and Milton Sargoy for James R. Cherry, as general guardian of the property of Anthony E. P. Pearson and another, infants, respondents.

Abraham L. Bienstock for Beverly A. Bogert and another, respondents.

Nicholas P. Iannuzzi, as special guardian of Henry R. Schwab and others, infants, respondent.

S. SAMUEL DI FALCO, S.

The litigated issue in this proceeding is the allocation of certain stock distributions between the income beneficiary and the principal interests of the trust here being accounted for. The investments through which the distributions were derived were made in 1955 in shares of General Motors Corporation, Standard Oil Company of New Jersey, and Socony Mobil Oil Company. In November, 1956 the trustee held 75 shares of General Motors...

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