In re the Estate of O'Neil

John M. Keane, S.

By his will Joseph S. O’Neil set aside one half of his stock in the iG-eorge F. O’Neil Bealty Corporation, the principal asset of his estate, in trust for the benefit of his brother, Albert M. O’Neil, as the life beneficiary, with the remainder to three named nephews and a niece who were children of a deceased .sister, Caroline O’Neil Byan. When Albert M. O’Neil died on April 10, 1970 there was almost $50,000 of accumulated income which .had not been paid .to him. The accumulated income represented about 20% of the total funds on hand when the trust terminated.

An…