McDonald v. Evatt

Hart,-J.

Where, by the terms of a testamentary trust created and being administered in another state, the trustees are authorized, but not required, to make distribution of unexpended income from the trust to the legatee of one of the beneficiaries, does such legatee, a resident of this state, who has received distribution of income under such trust and who, upon the termi- ■ nation of the trust, will receive one-seventh of the corpus of the trust, have a taxable interest in this state, the value of which is based upon the income yield from the trust investment paid to such legatee as income…