In re the Construction of the Will of Simkowitz

William T. Collins, S.

In his will the decedent, a Florida domiciliary who owned certain New York real property, established a trust of 50% of the adjusted gross estate for the benefit of his widow for life. On her death in default of the exercise by her of a general testamentary power of appointment, the corpus will fall into the residue. The decedent directed that the residue of his estate be divided into two equal shares each of which is to be held in trust for a period limited on the lives of four named persons all of whom survived the testator.

The first trust is for the benefit of…