MATTER OF COHEN


67 Misc.2d 447 (1970)

In the Matter of The Estate of Arthur J. Cohen, Deceased.

Surrogate's Court, New York County.

July 9, 1970


Attorney(s) appearing for the Case

Paul, Weiss, Goldberg, Rifkind, Wharton & Garrison (Mordecai Rochlin, Bernard Finkelstein and Stuart Hecker of counsel), for William B. Heller and others, petitioners. Harold D. Klipstein (Robert A. Klipstein of counsel), guardian ad litem, for infant respondents.


SAMUEL J. SILVERMAN, S.

In this trustees' intermediate accounting proceeding the guardian ad litem objects to the trustees' allocation of annual investment advisory service charges to income and recommends that such charges should either be allocated entirely against principal or equitably between principal and income.

The will in the present case explicitly authorizes the trustees to employ financial or investment advisors and directs that compensation...

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