Bank of Delaware v. Goldey

Marvel : Vice Chancellor:

In 1932, William R. Todd died leaving a 1928 will under the terms of which the residue of his estate was left to his wife in trust with power granted her to expend principal for her personal needs. The testator went on to' direct that after his wife’s death such residue was to be held in further trust by the predecessor of the present plaintiff for the benefit of testator’s unmarried daughter, again with provision for the expenditure of principal for the life tenant’s benefit. Finally, the testator selected three children of his sister Eunice as residuary remaindermen…