Johnson Estate

Opinion by

Me. Justice Benjamin B. Jones,

Harriet I. Johnson, a resident of Clarion County, died, testate, on December 19, 1950. By her will she created a trust of her residuary estate with the First National Bank of New Bethlehem, Pa. [now First Seneca Bank and Trust Company] as trustee. Under the terms of the trust the net income is payable to Emma I. Jacoby [decedent’s sister] during her lifetime; after her death, the net income is payable to Samuel O. Jacoby [decedent’s brother] during his lifetime; upon the death of the survivor of both life beneficiaries, the trust will terminate. Upon…