In re the Construction of the Will of Gottheil

Collins, S.

Decedent died in 1922. The trustee requests a construction of his will dated March 6,1922, insofar as its investment powers are concerned. In paragraph Eighth of his will the decedent “ permitted ” his executor and trustee to retain any investments made by him “ irrespective of whether or not they are securities which trustees under the laws of New York are entitled to hold or acquire.” The same paragraph continues: “ However, with regard to the investment and reinvestment of any funds which shall come into the hands of my said executor and trustees under the provisions of this…