Guaranty Trust Co. v. Lewis

This is an action for an accounting brought by the trustee of an inter vivos trust. The trust was created by an instrument in writing dated January 16,1924. The settlor placed certain securities in the hands of plaintiff as trustee, the income to be paid to the settlor during her natural life. The instrument further provided that upon the death of the settlor the trustee was to set aside for settlor’s granddaughter from the property and securities then in its possession the sum of $5,000 in money or securities or property or both, upon the same terms and conditions as were set forth with'…