Walker v. Safe Deposit & Trust Co.

This case arises upon a bill of complaint of the Safe Deposit and Trust Company, trustee under a deed of trust from Noah Walker, to have the instrument construed for the purpose of determining to whom should be paid the share of the income heretofore paid to Chauncey W. Shelton, deceased.

The deed of trust, executed on January 4, 1893, conveyed to the trustee the settlor’s interest in his grandfather’s estate. It provided (in paragraph 3), subject to certain discretionary powers in the trustee as to payments to or for the benefit of the settlor, that the income should be paid “to my brothers…