Legal Opinion

Kister Trust

Pennsylvania Orphans' Court, Philadelphia County

Decided April 16, 1959No. 3508 of 1958Published

1Opinion of the Court

Lefever, J.,

— By deed of trust dated June 9,1930, a copy of which is hereto annexed, Alfred B. Kister, settlor, directed that at his death the trustees collect the proceeds of certain life insurance policies on his life, made payable to trustees, and that they invest and reinvest the proceeds “in such securities as said Trustees may deem prudent without restriction to so-called legal investments for Trustees . . .”. He directed further that trustees pay to his wife, Eva Kirk Kister, for life the net income therefrom and so much of the principal, not exceeding $5,000, as she should request in…

2Cases cited2 opinions

  1. Cunningham EstateSupreme Court of Pennsylvania · 1959
  2. Hostetter EstateSupreme Court of Pennsylvania · 1957

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