Smith v. Guaranty Trust Co.

Elizabeth Winship Bates died on February 17, 1928, a resident of the State of Georgia, leaving a last will and testament which was duly admitted to probate in that State. She was' survived by her daughter, the defendant Anne Bates Leach, who was her sole heir at law and next of kin, and by two granddaughters, children of Mrs. Leach, namely, Elizabeth Winship Smith, the plaintiff herein, and Emily Frances Rees, who is one of the defendants.

“ Item 5 ” of the will directs that the entire residuary estate be held by the'Guarahty Trust Company of New York, as trustee, until the daughter reaches…