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MATTER OF CAMP

142 Misc.2d 305 (1989)

In the Matter of The Estate of Hugh D. Camp, Deceased.

Surrogate's Court, New York County.

January 20, 1989

Attorney(s) appearing for the Case

Mudge Rose Guthrie Alexander & Ferdon (Arthur J. Mahon of counsel), for Caroline C. Sherman, petitioner.

RENEE ROTH, S.

The 1984 enactment of SCPA 2312 allowing corporate trustees of trusts over $400,000 to charge "reasonable compensation" instead of the former fixed annual commissions has lead to disagreement between such trustees and the income beneficiaries over the increased commissions. In order to resolve such disputes, some corporate fiduciaries have sought permission to resign (e.g., Matter...

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