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MATTER OF PEABODY

17 Misc.2d 656 (1959)

In the Matter of the Accounting of Franklin National Bank of Long Island, as Successor Trustee under the Will of Cornelia H. Peabody, Deceased.

Surrogate's Court, Suffolk County.

May 14, 1959.

Attorney(s) appearing for the Case

Scheinberg, Wolf, Lapham & De Petris for petitioner.

Austrian, Lance & Stewart for George Peabody Jr., respondent.

Kelley, Drye, Newhall & Maginnes for Joseph H. Peabody, respondent.

EDGAR F. HAZELTON, J.

Cornelia Haven Peabody, the testatrix, died on February 10, 1926, leaving a will dated June 2, 1919. Under articles Thirteen and Seventeen B of the said will, testatrix created two trusts, naming her son, George Peabody as the life beneficiary thereunder. The testatrix further provided that upon the death of the said son, the trustees were to pay the corpus of said trust funds to "the then...

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