Bates v. National Bank

William H. Traub, husband of the decedent, Mary Clark Traub, was the brother of Robert C. J. Traub, and the latter was the father of plaintiff, Barbara Traub Bates. The brothers owned equally all the stock, except 2 shares held by their respective wives, in the Traub Realty Company. They also had major stockholdings in Traub Brothers & Company, engaged in the jewelry business. In addition, they owned parcels of real estate as tenants in common.

In 1931 William died, intestate and without issue, leaving his wife and brother as sole heirs. It is stipulated that Robert’s interest in William’s…