Old Colony Trust Co. v. New England Merchants National Bank

The trustee under the will of Louis S. Ross (the testator) seeks instructions concerning the final distribution of the trust fund created under art. Second of the will. Several respondents have appealed from a decree of the Probate Court, later described.

The testator died in 1927, leaving a will dated November 26, 1926, and a codicil dated November 27, 1926. By art. Second (a), the testator left all his shares of the capital stock of Central Railway Signal Company (the company) to a trustee in trust to pay his widow $2,000 a month “and from the balance of the net income, if any, to pay the…