Horwitz v. Safe Deposit & Trust Co.

The will of Orville Horwitz, who died in 1887, bequeathed to his brother, Theophilus Horwitz, the sum of $20,000 “to be invested safely in permanent securities and the interest, rent and income thereof to be received and enjoyed by him during the term of his natural life,” and the investments to become a part of the testator’s residuary estate after his brother’s death. The fund was invested by the life beneficiary in nine ground rents in Baltimore City, the title to which was conveyed to him with express reference to the limitations of the will. The life estate ended upon the death of…