MATTER OF DAVIES


148 Misc.2d 37 (1990)

In the Matter of The Estate of Valentine L. Davies, Deceased.

Surrogate's Court, New York County.

August 7, 1990


Attorney(s) appearing for the Case

Wolf Haldenstein Adler Freeman & Herz (Robert D. Steele of counsel), for petitioner.


RENEE R. ROTH, S.

The trustee of this 1932 inter vivos trust seeks advice and direction on a novel question with respect to the allocation between principal and income of an extraordinary cash distribution about to be made to the trust from a subchapter S corporation.

The trust was created by an indenture dated May 21, 1932 for the income benefit of the grantor Valentine L. Davies. On his death in 1961...

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