From Casetext: Smarter Legal Research

Matter of Horner

Surrogate's Court of the City of New York, New York County
Mar 4, 1926
126 Misc. 772 (N.Y. Misc. 1926)

Summary

In Matter of Horner (126 Misc. 772), decided by Surrogate O'BRIEN, the court said: "As the will directs the payment of debts and legacies and then gives a residue in trust it contemplates separate duties as executors and trustees and commissions will be allowed in both capacities."

Summary of this case from Matter of Schneider

Opinion

March 4, 1926.

Paul N. Turner, for the petitioners.

Murray, Hollaman Lockwood, for Richard G. Hollaman.

Howard A. Butler, special guardian.

Ivan E. Maginn, special guardian.

Paul Gross, for Grace B. Sims.


Commissions will be allowed only upon the equity of the mortgaged real estate and only on the proceeds of the sale of stock owned by the deceased on margin which actually came into the hands of the executors. ( Matter of Mercantile Trust Co., 210 N.Y. 83; Matter of Wilcox, N.Y.L.J. April 21, 1922; Matter of Hunt, Id. Aug. 29, 1924; Matter of Falk, Id. April 8, 1924.) As the will directs the payment of debts and legacies and then gives a residue in trust it contemplates separate duties as executors and trustees and commissions will be allowed in both capacities. Compensation of special guardians fixed. Complete decree accordingly.


Summaries of

Matter of Horner

Surrogate's Court of the City of New York, New York County
Mar 4, 1926
126 Misc. 772 (N.Y. Misc. 1926)

In Matter of Horner (126 Misc. 772), decided by Surrogate O'BRIEN, the court said: "As the will directs the payment of debts and legacies and then gives a residue in trust it contemplates separate duties as executors and trustees and commissions will be allowed in both capacities."

Summary of this case from Matter of Schneider
Case details for

Matter of Horner

Case Details

Full title:In the Matter of the Estate of ROBERT H. HORNER, Deceased

Court:Surrogate's Court of the City of New York, New York County

Date published: Mar 4, 1926

Citations

126 Misc. 772 (N.Y. Misc. 1926)
215 N.Y.S. 654

Citing Cases

Matter of Schneider

" In Matter of Horner ( 126 Misc. 772), decided by Surrogate O'BRIEN, the court said: "As the will directs…

Matter of Pritchard

The cases say that the equity of redemption only is the basis for computing commissions claimed on realty…