Gordon v. Feldman

This bill in equity was heard on a statement of agreed facts of which the following is a summary. In March, 1950 Samuel A. Gordon executed a declaration of trust naming himself as trustee. He was entitled to receive both income and principal during his lifetime. Upon his death the settlor’s three children, David M. Gordon, Sylvia G. Feldman and Dorothy G. Schuler were to become trustees of the remaining property from which they were to pay a fixed weekly sum to the settlor’s widow, Rose, and any remaining surplus of income in their discretion, to themselves, if living, or their children, by…