Equitable Trust Co. v. Schwebel

BARD, District Judge.

Plaintiff and defendant are trustees of an inter vivos trust. Plaintiff is a resident of New Jersey and defendant, though in the trust indenture termed a resident of New Jersey, is now a resident of Pennsylvania. The beneficiary of the trust, Marie Swoboda, is a resident of New Jersey. The income from six per cent mortgage securities covering six parcels of Philadelphia, Pennsylvania, real estate is reserved to the beneficiary.

Plaintiff originally complained of the defendant’s failure and refusal to account for income received by the defendant, who as a resident of…