Northwestern Trust Co. v. Getz

By will Charles LePage created two trust funds to be administered by the Northwestern Trust Company as trustee, and named the trust company executor. The will does not specify the duration of the trusts in years, but authorizes the trustee to make annual payments of $500.00 to his daughter Myrtle from the first trust fund and to pay more “in any one year if in its judgment she shall be in need of such increased payment by reason of illness or misfortune.” It makes provision for the disposition of the surplus in this trust fund in ease of the death of the daughter Myrtle and provides that such…