The Pennsylvania Company, C. v. Gillmore

Frederick Hemsley died March 15th, 1915, leaving a last will and testament which was duly probated in the office of the surrogate of Atlantic County. This last will and testament, among other things, created several trusts and designated The Pennsylvania Company for Insurance on Lives and Granting Annuities as trustee. For each of his three grandchildren, Quincy A. Gillmore, Jr., Frances West Hemsley Gillmore (now Williams) and Frederick Hemsley Gillmore, the decedent created three separate trusts of $25,000 each, for which he bequeathed $75,000 to the designated trustee. For his sister,…