Old Colony Trust Co. v. Cleveland

On March 22, 1926, Willis H. Chandler conveyed what apparently was the bulk of his property to Old Colony Trust Company, in trust to pay the income to himself for life, and afterwards to his wife Susie E. Chandler for life. The second paragraph of the trust deed provided: “Upon my decease or upon the decease of my wife, provided she survives me, the Trustee shall pay from the principal of the trust estate” various sums ranging from $250 to $5,000 to thirty-seven persons named. The third paragraph of the trust deed provided that the income of the residue of the trust property shall then be…