In re the Estate of Fiske

Harry G. Herman, S.

In this intermediate accounting by the trustees, the question is presented as to whether a certain stock distribution of American Cyanamid Company received as a stock dividend is to be treated as income or as principal.

Under the will dated April 19, 1940, and admitted to probate on March 11, 1947, the testatrix directed the division of her residuary estate into equal shares among her issue, per stirpes, except that the aggregate shares of the children of a predeceased son was to be $26,000 less in value than the share of her living children. Each share was directed to be…