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DEUBEL v. KERVICK

60 N.J. Super. 98 (1960)

158 A.2d 429

CHARLES C. DEUBEL, JR., AND JEROME FROEHLICH, EXECUTORS, ETC., APPELLANTS, v. JOHN A. KERVICK, TREASURER, STATE OF NEW JERSEY, ACTING AS DIRECTOR OF DIVISION OF TAXATION, ETC., RESPONDENT.

Superior Court of New Jersey, Appellate Division.

Decided February 29, 1960.

Attorney(s) appearing for the Case

Mr. Leonard Estrin argued the cause for appellants

(Messrs. Deubel and Estrin, attorneys).

Mr. Joseph A. Jansen, Deputy Attorney General, argued the cause for respondent (Mr. David D. Furman, Attorney General, attorney).

Before Judges GOLDMANN, CONFORD and FREUND.

The opinion of the court was delivered by FREUND, J.A.D.

Maurice Froehlich, domiciled in Essex County, died testate on March 10, 1956, naming as executors the appellants Charles C. Deubel, Jr. and Jerome Froehlich. By the eighth article of the will the decedent established a residuary trust estate and directed Mr. Deubel, as trustee, to invest its present value, $228,754.43, in first mortgages on real estate and, for a period of 99 years, to pay the income and interest...

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