Robbins v. Lee Mishkin

In his will the testator divided his estate into Fund A consisting of “cash, securities and money in the bank” and Fund B consisting of “a parcel of real estate situated in Los Angeles, California, and improved with two (2) single family residences, together with furniture, fixtures, personal belongings and library contained therein.” He directed that the assets comprising Fund B be sold and the cash distributed to three named trustees in trust. “The income of said trust, or so much of the principal as in the sole discretion of the Trustees may be deemed desirable or advisable, is to be used…