Mangels v. Tippett

Bernard M. Mangels, late of Baltimore City, died on the 24th of December, 1931, leaving a last will and testament whereby, after making specific bequests of $5,000 to each of his three children, it was provided:

“I give and bequeath to The Safe Deposit and Trust Company and Richard B. Tippett in special trust and confidence, however, all of the capital stock that I may own of Mangels-Herold Company, Incorporated, at the time of my death, to hold the same for the use and benefit of my wife, Gertrude Mangels, for and during the term of her natural life, and to pay the income therefrom to my said…