Thornton v. Kirtley

STANLEY, Commissioner.

The late Mrs. Roberta W. Nelson by Item Three of her will devised to the Woodford Bank and Trust Co., in trust, 142 shares of stock which she owned in the- bank for the purpose of paying the taxes and insurance on the farm devised in Item Four, and distributing the balance of the income to testatrix’ three children or their descendants, or the survivors. It was further provided: “This trust shall continue throughout the lives of my said three children, and thereafter until my youngest grandchild Who is living at the time of my death reaches the age of twenty-one (21);…