In re the Accounting of Seidner

Collins, S.

The decedent herein left the residue of his estate in trust, the “ rents, issues, income and proceeds ” to be paid to the widow for life with remainder to their children. In the event that a child should predecease the widow, the child’s share goes to his issue. The trust is in being and decedent’s children are alive. Among the assets of the trust is a licensing agreement originally entered into by the decedent. The agreement grants exclusive rights to a secret process developed by the decedent and another for improving the flavor of rye bread. The will authorized the retention of…