Fidelity-Philadelphia Trust Co. v. Commissioner

WOOLLEY, Circuit Judge.

William L. Du Bois, a resident of Pennsylvania, died in 1918. By his will he' bequeathed the bulk of hi§ estate in trust to predecessors of the petitioner, now the sole trustee, and provided that they should collect the income and pay annually the sum of $4,-000 to his son until the death of his mother, and pay the balance to his (the testator’s) wife for life, and on her death to pay two-thirds of the income to his said son for life, and thereafter distribute two-thirds of the principal of the estate as the son should appoint, or, failing appointment and issue, to…