In re the Accounting of Mayer

Frankenthaler, S.

Investment problems that have arisen in the course of the estate administration require construction of deceased’s will. The fourteenth clause of the will authorizes the trustees to hold investments made by the testator. The fifteenth clause of the will provides: “ I hereby authorize and empower my said executors and trustees, the survivor of them or the one alone qualifying as such from and after such time as by sale of assets permitted to be held under the foregoing paragraph there shall remain no greater proportion of the principal of any trust herein created than…