MATTER OF KRAETZER


119 Misc.2d 436 (1983)

In the Matter of The Estate of Adolph G. Kraetzer, Deceased.

Surrogate's Court, Kings County.

June 2, 1983


Attorney(s) appearing for the Case

Joel B. Miller for Chase Manhattan Bank, N. A., petitioner. Teitelbaum & Gamberg, P. C. (John Battiato, Eric Streich and Jules Teitelbaum of counsel), for Lawrence Sarf, trustee in bankruptcy. Philip Puccio for Ursula MacDonald, respondent. Jules L. Wacht for Caroline C. Vance, respondent. Robert Abrams, Attorney-General (Anne Winnizki of counsel), for ultimate charitable beneficiaries.


BERNARD M. BLOOM, S.

This proceeding for settlement of a final trust accounting presents a question of construction occasioned by the bankruptcy of a charitable remainderman designated by the donee of a power of appointment.

The donor of the power, Adolph G. Kraetzer, died March 3, 1931 leaving a 1927 will which was probated in this court. His will provided that the net estate be divided into three portions and placed in trust, each part to furnish...

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