Schlicht v. Bank of Sheboygan

The appellant, William M. Schlicht, is the sole beneficiary under a trust created by his father’s will, which was probated in September, 1914. At that time he was twelve years old. Under the will the trustee was to^ use the income of the trust estate for the maintenance and education of the beneficiary until he was twenty-one years of age, and thereafter pay all the income to him. Five thousand dollars of the corpus were to be paid to him when he was twenty-five years old, and he was to' receive the remainder when he reached the age of thirty. Adolph Pfister was appointed trustee in 1916, and…