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MATTER OF FALES

106 Misc.2d 419 (1980)

In the Matter of The Estate of Haliburton Fales, Sr., Deceased.

Surrogate's Court, New York County.

July 31, 1980

Attorney(s) appearing for the Case

Cadwalader, Wickersham & Taft (Robert C. Lawrence, III, and Michael R. Weaver of counsel), for petitioner. Moses & Singer (Henry Schneider of counsel), guardian ad litem.

MILLARD L. MIDONICK, J.

This is a request for advice and instructions brought by the trustee, United States Trust Company, which seeks authorization to liquidate Fales Estate, Inc., shares of which are held by the seven trusts under the decedent's will. There is one trust for each of the presently living grandchildren of the said Haliburton Fales, Sr., and their respective issue. The income of each trust is paid to the respective grandchild and, on the...

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