Estates, Powers and Trusts Law § 10-6.6 (k) states, "This section shall not be construed to abridge the right of any trustee to appoint property in further trust that arises ... under common law." Under the common law, a trustee with an absolute power to invade principal was "able to exercise that power by appointing in further trust" unless the creator of the trust indicated otherwise (Matter of Mayer,
Let's get started

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.