Chase National Bank v. Reed

In. this action for the judicial settlement of the accounts of the trustee and its predecessors of eight inter vivas trusts, the plaintiff trustee also seeks the determination of certain questions as to the validity and construction of certain of the provisions of the trust instrument.

By the indenture dated October 4, 1900, the grantor provided that the income be paid to his wife during her life or until she remarried. He directed that upon her death or remarriage, the corpus be divided into as many shares as there were children born of the marriage and that each such share be held in trust…