Millard v. McFadden

This is an action for the judicial settlement of the account of the plaintiffs, as trustees under an indenture of trust made by Eleanor Gould Stevens.

By article first of the trust indenture, as amended, the settlor reserved the right to direct the trustees upon her death, to pay the principal of the trust funds “ to such persons and-in such amounts, in such manner and upon such trusts ” as she should designate and appoint by her last will and testament, provided, however, that if she left issue surviving her, she could.not freely appoint more than 50% of the principal if she left one child,…