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Testamentary Trust 

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Executor and Trustee sign a contract not to invade principal of trust for any reason. Executor uses money from the estate to pay funeral expenses, etc. Three years later, Executor takes $9,000 from trust principal to repay herself for funeral expenses stating that she has a right to do this because there was only a joint account to draw from (never proven). Did she have the right to break the contract and take this money? Needs to Know NYS law 

Asked in Wills & Trusts - 360 days ago

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It really might depend on the exact language of the contract. This is something you need to contact a local wills/trusts attorney in NYC for.

Answered by LQ at May 30, 2011 11:15 AM

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