In re the Accounting of Bankers Trust Co.

The surviving trustees move for the judicial settlement of their intermediate accounts of two trusts created by the settlor Sidney R. Kent in 1939 and one created in 1934.

By indenture of trust dated April 12, 1934 the settlor created an irrevocable trust consisting of a contribution of $200,000 in cash, which corpus was thereafter substantially increased by the transfer of other assets. It provided that the income thereof was to be paid to his wife, Lilyan White Kent, now Lilyan White Lamotte (hereinafter referred to as “ Mrs. Lamotte ”) for her life, and upon her death the principal was to…