Horner v. Miami Beach First National Bank

SWANN, Judge.

The will of the decedent, Jed D. Horner, provided, in part, as follows:

“ITEM FIFTEEN

“After payment of debts, taxes (including estate and inheritance taxes) and the expenses of administration of my estate, I give, devise and bequeath all the rest and residue of my estate to *731the MIAMI BEACH FIRST NATIONAL BANK, Miami Beach, Florida, in trust, to be held, managed, distributed and disposed of, as follows:

“(a) After the payment of costs and expenses of administration of this Trust Estate, the net income therefrom shall be paid, in quarterly or more frequent intervals, to my brother,…