The Trust Co. of N.J. v. Gardner

The bill of complaint shows that defendant Marjorie D. Gardner is entitled to receive and has been receiving for many years, the net income for life from two trust funds of which complainant is trustee, one created by the will of her mother and the other created by the will of her father. Under the mother's will she receives one-half of such income as survivor of her father and the other half directly. As to the first half, the mother's will directs that such income shall be paid to her "free from any debts, contracts and engagements which she shall have or may enter into."

As to the second…