Furchgott v. Hottinger

On this submission of controversy under sections 546 to 548 of the Civil Practice Act, the issue is whether a trust created by plaintiff was validly revoked under section 23 of the Personal Property Law.

On June 1, 1932, plaintiff created a trust of personal property, naming defendants trustees to hold and invest the securities, pay the net income to plaintiff, creator of the trust, during her life, and upon her death to pay the principal to children and grandchildren in certain shares or trusts unless the creator of the trust “ shall otherwise direct during her lifetime, as hereinafter…