Arrott Estate

Opinion by

Mr. Justice Roberts,

The present appeal is another in that line of cases which have come before this Court raising questions relating to the application of the Principal- and Income Act of 19451 and its successor, the Principal and Income Act of 1947,2 to trusts created prior to the effective dates of those Acts.3 '. Charles F..Arrott died on May 22, 1942. In hi's will, dated three.months prior,to his death,, he devised his residuary.estate-in trust, directing the net income *277to be paid to his children and the remainder interest to their issue.4

On March 4, 1960, the trustees filed…