Wilmington Trust Co. v. Houlehan

The Chancellor.

Three points of view are presented by the contending defendants. They are:(a) That the seventy-five per cent, of the estate should be immediately paid over to the widow and the guardian of the daughter absolutely and in equal shares. This is the view of the solicitor for the widow and daughter.(b) That the seventy-five per cent, should be held as a trust fund upon the following trusts: to pay over the net income to the widow and daughter during the widowhood of the widow and the lifetime of the daughter; in case the widow never remarries, to pay the net income to her and the…