Minnesota Loan & Trust Co. v. Moore

This is an appeal by the remaindermen from an order of the district court permitting the trustee to charge to the corpus of the trust' taxes upon vacant and unproductive property belonging to the trust estate. Florence Virginia Moore by will devised and bequeathed her property to the respondent trust company to hold and manage and pay the net income to her daughter, Agnes Moore Fryberger, during the term of her natural life. Discretionary power was given the trustee to dispose of property. The will provided that after the death of her daughter the principal of the trust fund should be paid…