Campbell v. Barnard

The will of Fannie V. Collier created a life estate in certain realty in favor -oí her husband, Joseph M. Collier, and provided that he was to have “the rentals thereof, after paying all expenses, including loans, taxes, insurance and repairs on the building, for and during his natural life. . .” In construing this provision of the will, the trial judge held that the principal of a loan placed on the premises prior to the creation of the life estate was not an expense of the life estate, it not appearing that the loan matured during the life of the holder of the life estate. We think this…