Hirsh's Trust Estate

Opinion by

Mr. Justice Maxey,

The question before us is the construction of a somewhat involved plan of distribution of a trust established in his lifetime by a settlor now deceased. Prior to his death on August 31, 1930, Julius Hirsh, by deed of trust dated July 17, 1930, transferred to trustees a large corpus of securities to be held by them during his lifetime, the income to be paid to the settlor. At his death the settlor directed small legacies to be paid to charities, and the balance of principal was then to remain in trust, one-third of the income to go to the settlor’s widow during her…