Old Colony Trust Co. v. Stetson

The trustee under the will of Harriet N. Lovett filed this petition seeking instructions as to whom and in what amounts distribution should be made of the prin cipal of a trust which has terminated upon the death of the last life beneficiary. The case was reserved and reported without decision by the judge of the Probate Court upon a record containing the pleadings and a statement of agreed facts.

The testatrix by the second clause of her will bequeathed $200,000 worth of her best securities in trust “To pay from the income eight thousand dollars ($8,000) a year in monthly payments to my said…