New York Court Rejects Objections to Settlor/Trustee’s Investment Decisions

New York Court Rejects Objections to Settlor/Trustee’s Investment Decisions

Status To Object

By Hon. C. Raymond Radigan, Ruskin Moscou Faltischek, P.C.

In a contested accounting proceeding one may not object to the actions of a settlor/trustee concerning investment decisions made during the lifetime of the settlor and may not object to the actions of a trustee of a trust regarding investments during the settlor's lifetime where the settlor had the power to revoke the trust and the settlor consented to such investments.  Matter of Block, N.Y.L.J., Dec. 9, 2011, at 26, col.1 (Sur. Ct. Bronx County).

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