Valentine v. Moseley

This was a suit in equity to have construed the will of Mann S. Valentine.

After making a few pecuniary bequests of relatively small amounts, the testator disposes of the residue of his estate as follows:

“I wish the residue of my estate given to my said executors, in trust, as aforesaid, to be augmented by an accumulated income during the ten years succeeding my death, to the extent that my executors shall decide is judicious, under the then existing circumstances, and I hereby give and invest them with full power to determine, during said ten years, how much of the income from said residue of…