Susan Kemper Hamilton v. Arthur C. Nielsen, Jr., and American National Bank and Trust Company

POSNER, Circuit Judge.

Milton J. Hamilton died on October 16, 1972, leaving an estate worth about $2.5 million, consisting mainly (more than 80 percent by value) of common stock in two brokerage insurance companies, Frank B. Hall and Company and Zenith United Cor poration. Hamilton’s will named American National Bank' and Trust Company and Arthur C. Nielsen, Jr. as coexecutors, and directed them to pay federal and state death taxes, cash bequests, and costs of administration, and pay over the residue to a trust to be administered by the bank for the benefit of Hamilton’s five children, of whom…