Spencer v. Title Guarantee Loan & Trust Co.

On January 6, 1926, Mrs. Martha B. Woodward, than eighty-ono years of age, by a trust instrument conveyed to Title Guarantee Loan & Trust Company her holdings of preferred and common stock in Wheeling Steel Corporation to be held, managed, and controlled by the trust company, with power of reinvestment.

The net income was to be paid to the grantor during her life, and after her death to her daughter, Margaret W. Hopkins, if living, during the term of her natural life.

Then followed this paragraph:

“(d) On the death of my daughter, Margaret W. Hopkins, or if she is dead at the time of my death,…