In re the Estate of Vanderbilt

Foley, S.

This is an application for an order permitting George W. Wickersham, the general guardian of the infant, to withdraw from the income of the infant’s estate the sum of approximately $24,000 annually for the payment of premiums on five policies of insurance. The infant is about three years of age. The insured in these policies is to be Gloria Morgan Vanderbilt, the mother of the infant. Each is to be a twenty-year endowment policy in which the infant is, with certain limitations, the beneficiary. Upon the maturity of each policy either by reason of the death of the insured, or by…