- 3 - bequests of cash on hand in two savings accounts to petitioner and her sister, respectively, and monetary bequests of $25,000 each to two family members3 and a friend. The "rest, residue and remainder" of the estate was to be divided between petitioner (25%), her sister (25%), and a trust (50%) to be created by the executors for the benefit of the children of petitioner and her sister. In her will, the decedent named her brother-in-law, William F. Hyland (Hyland), and Patrick J. Scinto (Scinto) as co-executors of her estate. The co-executors were granted broad power to administer and distribute the estate, including the power to sell, lease, invest and reinvest all or part of the decedent's estate, "real, personal and mixed". The estate Along with the previously mentioned savings accounts, and miscellaneous personalty, the estate included 4 parcels of real property that were disposed of as follows: (1) The decedent's personal residence in Bronxville, New York, was sold by the executors on February 23, 1983; (2) a vacant lot in Yonkers, New York, was sold by the executors on May 18, 1983; (3) commercial property in Mobile, Alabama, was sold by the executors in May of 1985; and (4) commercial property in Chicago, Illinois, was sold by the executors on October 31, 1986. 3Mark Hyland and Sharon Hyland, adult children of co- executor William F. Hyland.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 Next
Last modified: May 25, 2011