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Surrogate Preminger

MATTER OF JEFFREY H. GALLET — In this accounting proceeding, the trustee of decedent’s irrevocable inter vivos trust seeks advice and direction permitting him to pay one of the debts of decedent’s estate, a debt owing to his surviving wife. The trustee’s claim of authority to pay the debt rests on a provision in the trust agreement that gives him discretionary power to pay estate debts if probate assets are insufficient. The Court concludes that payment of the debt would be permissible only to the extent that the trust assets are otherwise reachable by creditors. Because the Court further determines that none of the trust’s assets are subject to creditors’ claims, permission to pay the debt is denied.

 
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