MATTER OF MARGOLIES


243 A.D.2d 375 (1997)

664 N.Y.S.2d 549

In the Matter of The Estate of Abraham Margolies, Deceased. Gertrude Margolies, as Executor of Abraham Margolies, Deceased, Respondent; Robert D. Feldman, Appellant, and Official Committee of Unsecured Creditors of Faleck & Margolies, Ltd., Respondent

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

October 28, 1997


The record supports the Surrogate's findings that the stipulation benefits the estate by reducing its largest debt from $15,000,000 to $5,000,000, and that the executor was not motivated by self-interest. Neither the $255,671.41 payment by the estate nor the court's approval or disapproval of the stipulation in any way affects the liability of the decedent's family members, which was discharged with prejudice by the Federal court in its order entered on or about June 1, 1995...

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