In re the Estate of Holloway

John D. Bennett, S.

This is a final accounting of the trustees under the will of William G. Holloway, the petitioners herein. The question presented is whether there should be a reimbursement from the income account to the principal account of four residuary trusts under the will of William G. Holloway, with respect to Federal income taxes paid from the principal for the year 1959. This was the result of distributions made from the estate to the principal of the trusts at the end of the year 1959.

A special fund of $15,000' was set up by decree of this court on June 27, 1962 from estate income…