South Carolina National Bank v. Hammond

Moss, Chief Justice:

Charles P. Hammond, hereinafter referred to as Charles, died testate on August 12, 1952, and by the terms of his Last Will and Testament, which was duly admitted to probate on August 15, 1952, provided that his estate was to be divided into two trusts. One-half of the said estate was to constitute the corpus of a marital deduction trust for the benefit of his wife, Jane G. Hammond (Jane), for her life and the remaining principal and undistributed income of this trust was to be paid over by the trustee to whomsoever she, by the exercise of a testamentary power of…