Legal Opinion

Steel's Estate

Pennsylvania Orphans' Court, Philadelphia County

Decided March 29, 1938No. 255Published

1Opinion of the Court

Van Dusen, P. J.,

[The trust was for testator’s children for life, the issue of any children who may die to receive the share of income of the parent, and upon the death of all the children the principal was to be divided among their issue by representation, and in default of issue among the children of brothers. It was found that the trustees had made certain investments which were not within the power of investment in the will. The adult life tenants approved these investments and received the income from them and agreed to indemnify the trustees against liability with respect to them. The…

2Cases cited3 opinions

  1. Elkins's EstateSupreme Court of Pennsylvania · 1936
  2. Komara's EstatesSupreme Court of Pennsylvania · 1933
  3. Elliot v. ElliotSupreme Court of Pennsylvania · 1812

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