Darreff Estate

SAYLOR, J.,

This trust arose under deed of trust of Dennis A. Darreff and Edith, his wife, dated June 1, 1965, and was the successor to an agency account which the settlors had previously established with the Frankford Trust Company.

By the terms of the deed, the settlors transferred to the Frankford Trust Company certain stocks and bonds, cash and real estate in trust, with limited responsibility during the “stand-by” period, and with full responsibility when so notified, to hold and manage, and to apply as much of the net income and principal as the trustee in its discretion might deem…