Mid-Year Review

Having passed the year's mid-way point, we examine opinions throughout the state affecting the field of trusts and estates. Consider the following decisions of interest.

Contested Accounting Results in Surcharge

Before the Surrogate's Court, Ulster County, in In re McAnaney, was a contested administrator's accounting proceeding compelled by the fiduciary's sister. The record revealed that the petitioner, one of the decedent's three children, was appointed administrator of his estate in 1999.During the early years of her stewardship, she has liquidated essentially all of decedent's assets, netted approximately $517,800 for the estate, and distributed to each of the distributes an aggregate amount of $218,422 in 1999 and 2000.