MATTER OF FIRST NAT'L CITY TRUST CO.


30 Misc.2d 474 (1961)

In the Matter of the Accounting of First National City Trust Company, as Executor of Charles Quattlander, Deceased.

Surrogate's Court, Nassau County.

September 6, 1961


Attorney(s) appearing for the Case

Denis Brandon Maduro for executor.


JOHN D. BENNETT, S.

In this accounting proceeding the court is requested to determine whether a sum of money held by the executor under an escrow agreement is properly an estate asset.

The escrow funds represent the amount of mortgage liens formerly held by the decedent on real property owned by his wife, which liens were satisfied of record by the executor at the request of the widow in consideration of her posting the funds held in escrow, pending...

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