Donaldson v. Mercantile-Safe Deposit & Trust Co.

This case involves the question as to the proper allocation of stock between a life tenant and remaindermen.

The facts of the case are for the most part not disputed. Mr. Elias A. Blackshere died on October 20, 1908, leaving a last will and testament, dated October 7, 1904. By Item 1 he devised and bequeathed a life estate in all his property unto his wife, Harriet B. Blackshere. By Item 4 he devised and bequeathed all of his estate after the death of his wife, Harriet, unto the Safe Deposit & Trust Company, in trust to pay over the net annual income, revenue or proceeds therefrom to his…