Opinion
December 16, 1959
Gustave B. Garfield, petitioner in person.
Battle, Fowler, Neaman, Stokes Kheel ( Morris E. Lasker of counsel), for Alfred Yankauer, Jr., and another, as executors of Alfred Yankauer, deceased trustee, respondents.
Meadow Mann for Lotta B. Sobel, as trustee, respondent.
Cravath, Swaine Moore for Chemical Corn Exchange Bank, as successor trustee, respondent.
Meyer, Fink, Weinberger, Juliano Levin for Marjorie S. Magnin and another, respondents.
One of the executors of the estate of a deceased trustee makes application for compensation, pursuant to section 257 of the Surrogate's Court Act, for services in rendering an accounting of the deceased trustee's administration of the trust. The compensation sought is not intended to include legal services rendered by the petitioner as an attorney.
The statute upon which the petitioner relies permits compensation, equivalent to commissions, for the services actually rendered by the trustee in his lifetime but when, as in the instant case, the trust administration is continuing and the fund is not being distributed, but is being held for further administration by a surviving trustee and a successor fiduciary, compensation may not be allowed, either in the form of commissions or in lieu of commissions, to the representative of the deceased fiduciary ( Matter of Morrisey, 170 Misc. 1016; Matter of Hutchinson, 175 Misc. 175). Accordingly, the application is denied. Submit decree on notice.