In re Trust of Smith

Eose Fischer Smith, who died on November

26, 1963, devised the residue of her estate, in trust, to her son, Ealph C. Smith, also known as Ealph Christie Smith, and George F. De Silver, also known as George De Silver, for the following purposes (inter alia):

“Item X.-.

“(a) The said Trustees shall pay all the net income of said trust estate to my son, Ealph C. Smith, at least as often as quarterly, for and during his lifetime.

“(b) During the lifetime of my son, Ealph C. Smith, I hereby authorize and empower my said Trustees to make disbursement out of the principal of this Trust Fund to my son,…