Sisson v. Tenafly Trust Co.

In this suit there is involved the construction and effect of certain clauses in the will of decedent. The facts are undisputed. Decedent died in 1874 leaving four children. A trust fund in the amount of $1,000,000 was created for these four children, each of them to receive a life interest in one-quarter of the fund. The will provided that upon the death of any of three of the children, namely Eva, Charles and Elizabeth, their issue should receive the $250,000 left in trust for the parent. Upon the death of any one of these three named children without issue, the corpus held in trust for…