Bankers Trust Co. of N.Y. v. Lobdell

The controversy is between life tenants and infant remainderman under the 10th, 11th and 12th clauses of the will of Edward Dean Adams, late of Rumson, New Jersey, who died May 20th, 1931, concerns corporate dividends amounting to $49,000 declared by the New Jersey General Securities Company and received by the complainant-executors and trustees since the testator's death, and involves the construction of that will. An apportionment of $43,000 of such dividends between earnings prior and subsequent to testator's death, agreed upon by counsel for the parties defendant, allots $28,005.30 to…