In re the Estate of Finck

S. Samuel Di Falco, S.

The testator’s will created a trust for the life of his sister and nominated two individuals as the trustees. The will directed that upon the death of the sister the trust principal be paid over to a trust company, in trust, for the purposes and upon the terms contained in the resolution and declaration of trust creating The New York Community Trust. The validity of this disposition is unquestioned (Matter of Guggenheimer, 168 Misc. 1; Matter of Caldwell, N. Y. L. J., Oct. 22, 1948, p. 883, col. 5; Personal Property Law, § 12).

The primary trust having terminated, the…