Trippe v. National Newark, C., Banking Co.

William R. Trippe died May 20th, 1923, leaving a last will and testatment dated October 8th, 1922, duly probated. In the eighth paragraph of his will he gave to the National Newark and Essex Banking Company $100,000, in trust, to pay the income to his children, Lucy, Grace and William H. Trippe, in equal shares, their children to take the parent's share of the income if any should die before the termination of the trust; upon the death of one of his children without legal issue the income to be divided between the two survivors, and upon the death of a second of his children without legal…