Schmeider v. Meyer

Frank Schmeider left the residue of his estate to his executors in trust, to pay one-third of the income to his widow for life, during widowhood, and the balance to his four children, and "after the death of my said wife my said estate shall be divided equally between my said children, share and share alike; and if any child dies leaving lawful issue, such grandchild or children shall receive the share or portion of the parent."

The widow, stepmother and the children are at loggerheads, and she has agreed to sell to them her interest in the estate for a lump sum, and the executors-trustees are…