BENJAMIN v. MORGAN GUAR. TRUST CO. OF NEW YORK


163 A.D.2d 135 (1990)

Henry R. Benjamin, Jr., et al., Appellants, v. Morgan Guaranty Trust Company of New York, Respondent

Appellate Division of the Supreme Court of the State of New York, First Department.

July 10, 1990


Plaintiffs-appellants (the Benjamins) are descendants of Henry Rogers Benjamin (Benjamin) and his first wife. Benjamin died in 1967 and his will was admitted to probate on March 13, 1967. His will directed that approximately $6 million, one half of his residuary estate, be placed in trust for the benefit of his third wife, Germaine, who was to receive at least $100,000 annually therefrom. Defendant-respondent Morgan Guaranty Trust Company (Morgan) was designated as a trustee...

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