MATTER OF GROSSMAN


29 Misc.2d 526 (1961)

In the Matter of The Estate of Rose Ii. Grossman, Deceased.

Surrogate's Court, New York County.

April 24, 1961


Attorney(s) appearing for the Case

Karelsen & Karelsen for Hanover Bank, petitioner. Greenbaum, Wolff & Ernst for Federation of Jewish Philanthropies of the City of New York, respondent. Edward Goodell for United Jewish Appeal of Greater New York, Inc., respondent. Louis J. Lefkowitz, Attorney-General (Percy E. Schuberth, Jr., of counsel), for ultimate charitable beneficiaries, respondent.


S. SAMUEL DI FALCO, S.

In this proceeding to settle its account, the corporate executor, which is also the trustee, has requested a construction of ITEM FOUR of the decedent's will. It is its contention that the language of the paragraph is so broad that it gives the trustee the right to make investments of the trust funds in any manner without restriction to so-called legal investments. The language of the...

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