New York Surrogate's Court February 11, 1936 (In re the Estate of Bearns)

Foley, S.

In this trustee’s accounting of the City Bank Farmers Trust Company, a question arises as to the liability of the trustee for failure to give notice of an investment in a participation in a mortgage to the life tenant or to his general guardian.

The will provided for the creation of a trust of $5,000 for the benefit of the testatrix’s nephew, Bertram Bearns.