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MATTER OF Van HOGENDORP

36 Misc.2d 814 (1962)

In the Matter of The Estate of Louise A. Van Hogendorp, Deceased.

Surrogate's Court, New York County.

July 30, 1962

Attorney(s) appearing for the Case

Emmet, Marvin & Martin for Bank of New York and another, as trustees, petitioners. Arthur Braun, as special guardian for Thomas M. Dugan, an incompetent, respondent.

JOSEPH A. COX, S.

The will of this testatrix created a trust for the benefit of her son and provided that, in addition to the trust income, 5% of the principal be paid to the son at the times he attained designated ages. It has been held "that the principal payments to the income beneficiary be computed on the current worth of the trust principal at the time each payment becomes due" (Matter of van Hogendorp...

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