In this will construction proceeding to reform an old-law charitable remainder trust with two life income beneficiaries followed by a bequest to a noncharitable beneficiary to a 7½% unitrust thereby enabling the trustees to claim a charitable deduction under the Tax Reform Act of 1969 (83 US Stat 487 et seq.) the court rendered a decision dated February 24, 1976 (reported in
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MATTER OF OTTO
89 Misc.2d 672 (1977)
In the Matter of The Estate of Carl L. Otto, Deceased.
Surrogate's Court, Nassau County.https://leagle.com/images/logo.png
March 7, 1977
March 7, 1977
Attorney(s) appearing for the Case
Pendry, Schneider & Hyde for petitioner. Cullen & Dykman for Cathedral of the Incarnation.
Surrogate's Court, Nassau County.
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