McKeown's Estate
Supreme Court of Pennsylvania
Appeal, No. 157, Oct. T., 1918, by Scott A. McKeown, from decree of O. O. Washington Co., Aug. T., 1917, No. 92, dismissing exceptions to audi: tor’s report in Estate of Sara McKeown, deceased. Exceptions to report of J. Boyd Orumrine, Esq., Auditor. The opinion of the Supreme Court states the case. Errors assigned were in dismissing exceptions to auditor’s report.
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Appeal, No. 157, Oct. T., 1918, by Scott A. McKeown, from decree of O. O. Washington Co., Aug. T., 1917, No. 92, dismissing exceptions to audi: tor’s report in Estate of Sara McKeown, deceased. Exceptions to report of J. Boyd Orumrine, Esq., Auditor. The opinion of the Supreme Court states the case. Errors assigned were in dismissing exceptions to auditor’s report. The gains or profits on the sales totalling $121,-545, in view of the terms, of the will and in justice to the life beneficiaries, should be distributed ás income in order to carry out the plain intent of the testatrix, and cannot…
1Opinion of the Court
Opinion by
Mr. Justice Simpson,
By the will of Sara McKeown, her residuary estate is given to her trustee with directions to appraise it within one year, “his valuation for the purposes of this will and trust and the distribution thereunder” to be “final and conclusive.” Testatrix then gave one-fourth thereof, at that valuation, to her daughter Anna Braden, should she survive testatrix, which she did; and as to the other three-fourths directed it to be held by the trustee, upon an active trust, “to pay annually one-third of the net income from the said remaining three-fourths to each of my…
2Cases cited4 opinions
- Earp's AppealSupreme Court of Pennsylvania · 1857
- McLean v. Pittsburgh Plate Glass Co.Supreme Court of Pennsylvania · 1893
- Sloan's EstateSupreme Court of Pennsylvania · 1917
- McKeown's EstateSupreme Court of Pennsylvania · 1917
3Cited by56 opinions
- Nirdlinger's EstateSupreme Court of Pennsylvania · 1927
- Waterhouse's EstateSupreme Court of Pennsylvania · 1932
- Wade v. S. J. Groves & Sons Co.Superior Court of Pennsylvania · 1981
- Cunningham EstateSupreme Court of Pennsylvania · 1959
- Opperman's Estate (No. 1)Supreme Court of Pennsylvania · 1934
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