In the recent decision of Matter of the Accounting of Tydings, the Bronx County Surrogate’s Court addressed the misconduct of the trustee of a lifetime trust, in view of an exoneration clause contained in the instrument. Ilene Cooper discusses the case in our latest entry.
Continue Reading Fiduciary Beware: Contested Accounting in the Face of Exoneration Clause Results in Liability for Inter Vivos Trustee
SCPA 2309
Trustee Permitted to Amend Accounting to Provide for Commissions
By John J. Barnosky on
Posted in Accounting
This week, Jack Barnosky discusses a recent case in which the language in a receipt and release agreement was essential to a decision permitting the amendment of an accounting.
Continue Reading Trustee Permitted to Amend Accounting to Provide for Commissions