Potteiger v. Fidelity-Philadelphia Trust Co.

Opinion by

Mr. Justice Jones,

On June 3, 1964, Earl Potteiger, (Potteiger), a Lancaster County resident, executed a deed of trust in Philadelphia, transferring certain property to Fidelity-Philadelphia Trust Co., of Philadelphia, (Fidelity), and Wesley H. Caldwell, 1 a Philadelphia attorney, (Caldwell), as trustees. Under that trust deed, by its terms irrevocable, Potteiger was to receive the net income for life; upon his death, cash legacies totalling $41,000 were to be paid to twenty-two different named individuals (or the children of such individuals who may then be deceased) and the…