Nirdlinger's Estate

Opinion by

Mr. Justice Kephart,

Samuel F. Nirdlinger died leaving a will devising his entire estate in trust. He authorized his trustees either tó retain his securities, or sell them and invest the proceeds, without being limited to those regarded as “legal investments.” The “rents, issues, income, dividends and revenue” were to be paid by the trustees to designated beneficiaries for life, and, at their death, the corpus was to pass to remaindermen. In September, 1920, the orphans’ court authorized the trustees to enter into an agreement with Erlanger and others by which leases of certain…