Legal Opinion

In re the account of Trustress under the Will of Houston

Court of Chancery of Delaware

Decided February 24, 1933PublishedCited by 7 opinions

1Opinion of the Court

The Chancellor.:

The will of the testator devised his home farm to his wife for life. A codicil authorized a sale of the farm in the event his wife desired it, and in such *208case provided that the proceeds should be held by trustees on investment, “the profits and income arising from such investments to be paid over to my said wife so long as she may live,” the principal at her death to be paid to his nephew, Henry A. Houston, Jr.

The home farm was sold as authorized by the will in 1920 for $16,400.00! The trustees invested the proceeds in U. S. Second Liberty Loan Bonds at 82. The bonds were…

2Cases cited8 opinions

  1. New England Trust Co. v. EatonMassachusetts Supreme Judicial Court · 1886
  2. Matter of Final Accounting of GerryNew York Court of Appeals · 1886
  3. Gartenlaub v. Union Tr. Co. of S.F.California Supreme Court · 1921
  4. Stewart v. PhelpsAppellate Division of the Supreme Court of the State of New York · 1902
  5. Hemenway v. HemenwayMassachusetts Supreme Judicial Court · 1883

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3Cited by7 opinions

  1. Old Colony Trust Co. v. ComstockMassachusetts Supreme Judicial Court · 1935
  2. Davis v. WitcherCalifornia Court of Appeal · 1946
  3. Mercantile-Commerce Bank & Trust Co. v. MorseSupreme Court of Missouri · 1947
  4. Luery v. AddingtonIndiana Supreme Court · 1948
  5. Cox v. SellersCourt of Chancery of Delaware · 1942

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