King Estate

Opinion by

Mr. Justice Allen M. Stearne,

For the second time this case is before us. In the first case, reported in 349 Pa. 27, 36 A. 2d 504, we refused an apportionment between life tenant and the remainderman, where the application was based solely upon a corporate merger and where the stock was still held as part of the trust. We decided that no apportionment should be made until (1) the increased value is distributed by a cash dividend (2) distributed as a stock dividend (3) a corporate liquidation and distribution of assets (4) sale of the stock.

Following our decision the trustee sold 89…