In re the Accounting of Meyerson

Maximilian Moss, S.

The accounting petitioners request a determination of the validity, construction and effect of paragraph “Fifth” of testator’s will dated December 16, 1939. Testator died April 14,1953.

Subparagraph 1 of paragraph “ Fifth ” of the will bequeaths his residuary estate to the executors and trustees, or the survivor of them, in trust to convert as much thereof into cash as in their judgment and discretion they deem wise and establish a fund to be known as the Wernick Fund; to lend therefrom, without interest, a sum not exceeding $500 for a period not exceeding 10 years from…