Mogridge's Estate

Opinion by

Mr. Justice Drew,

On April 8, 1926, Frank P. Mogridge executed a deed of trust whereby he assigned certain securities, then valued at $115,000, to The Berks County Trust Company in trust to pay $5,000 per annum out of income thereof to Iva S. Mogridge, his wife, during the period of her life, any excess income to be paid to the settlor. It was further provided that upon her death, the principal of the trust fund be paid to him, or, in the event of his prior decease, to such person as he should direct by his last will and in the absence of such direction to those entitled under the…