Citizens Fidelity Bank & Trust Co. v. Schellberg

LATIMER, Justice.

We are concerned here particularly with the third clause of the will of Anna M. Schneider:

“All the balance of my estate of whatever it consists, I give and bequeath to the Fidelity and Columbia Trust Company of Louisville, Kentucky, to be held by them as trustee for the benefit of Pauline Schellberg and Mary Julia Schell-berg, daughters of my niece, Mary Louisa Schellberg.

“I further give the Fidelity and Columbia Trust Company, my executor, the power and discretion to use this money for the education of Mary Julia Schellberg and Pauline Schellberg. I hereby appoint the…