B. M. C. Durfee Trust Co. v. Franzheim

Solomon Woodward by his will, dated July 25, 1922, left the residue of his substantial estate in trust to pay $45,000 each year “in equal shares to and among my wife . . . my daughter, Ruth . . . and my son, Philip . . . during their respective . . . lives.” Upon the death of any of these life beneficiaries leaving issue, such issue were to take “in equal shares” the deceased beneficiary’s share of the annual sum of $45,000. In the event of the death of a beneficiary leaving no issue, the surviving beneficiary or beneficiaries, or their issue, were to take the deceased bene ficiary’s share.…