In Re Swetland

Under the provisions of the will of Horace M. Swetland, deceased, Maurice J. Swetland, trustee, under a trust created by the decedent in his lifetime, under date of July 14th, 1917, is presently entitled to receive approximately $18,000 of distributable income from said estate. While the trust is not testamentary, but created inter vivos, the sole trust estate now consists of property the subject of a bequest in the decedent's will. (For a copy of the will and trust agreement, seeSwetland v. Swetland, 100 N.J. Eq. 196, in which the will was construed.) The trustee has already received,…