Wilmington Trust Company v. Carpenter

MARVEL, Vice Chancellor:

Robert R. M. Carpenter, the settlor of the trust involved in this case, which he caused to be created on September 22, 1930, therein provided that his wife Mar-garetta was to receive the income derived from such trust during her lifetime and that upon the death of Margaretta such income was to be paid to the settlor for life, if then living. The provisions of such trust further provided that upon the deaths of both the settlor and his wife Margaretta (in the event that the trust should still be in existence at the death of the survivor of the settlor and his wife) that…