Ely's Estate

Bok, J.,

— Walter C. Ely died on September 29,1935, a resident of Indiana. He wrote his will on December 22,1920, and by it, after providing for certain specific devises and bequests, he gave the residue of his estate in trust for his wife and children, the latter to get the principal from time to time in increasing percentages until they should have received their full shares upon respectively becoming 40 years of age. The widow received the income from one third of the residue for life, the principal to be applied to the trusts for the children after her death.

On June 1,1926, Ely executed a…