New England Trust Co. v. Commissioner of Corporations & Taxation

This petition is brought under G. L. (Ter. Ed.) c. 65, § 30, by the trustee named in a trust indenture between James B. Hill and the petitioner, executed on May 22, 1935, whereby Hill transferred certain securities to the petitioner in trust to pay the income to Hill’s wife during her life and from and after her decease to pay to Hill’s son the income and such portions of the principal “as the Trustee may deem necessary in order to secure his comfort, maintenance and support.” Upon the decease of the survivor of the wife and son, the principal is to be distributed among the then living issue…