In re the Judicial Settlement of the Account of Proceedings of Spencer

Slater, S.

The accounting petitioners seek a construction of certain provisions of the decedent’s will. The will was admitted to probate December 31, 1920. The 11th item of the will creates the trust:

“ Item. I give and bequeath unto my said beloved Niece, Elizabeth G. Spencer, her heirs, personal representatives and assigns, all of the stocks, bonds, mortgages and securities of which I may die possessed, in trust and special confidence nevertheless, to hold or to sell, as she, with proper legal advice, may see fit, and to collect the income arising from such property, and after paying any…