Johnson v. Morawitz

PICKETT, Circuit Judge.

Orlando Jolliffe died on May 20, 1945, leaving no direct lineal descendants. His sole heirs were nephews and nieces. By the terms of his will, his property, with the exception of some specific bequests, was placed in a trust for a period of ten years, and 111 beneficial shares were created in the trust. Distribution of income and principal was based upon the number of shares each beneficiary was to receive. The will provided that all bequests to any beneficiary were to be paid

“in person and to no one else and, for the life of this trust, shall not be assignable or…