In re Irving Trust Co.

The respondent, appellant, William A. Levy, is the beneficiary of two trusts created by two separate wills. Each *384of the trusts directs the trustees to pay the income to Levy during his lifetime. The right to receive the income is the sole and only beneficial interest of Levy in the trusts.

On December 2, 1933, he filed a petition in bankruptcy, and was on that day adjudicated a bankrupt. The United States District Court discharged him from all debts and- claims provable against his estate on February 21, 1934.

The trustee in bankruptcy, Irving Trust Company, on March 9, 1934, made an…