Sheasley Trust

Opinion by

Mr. Justice Horace Stern,

Jacob Sheasley was the owner of certain real estate in Franklin, Venango County. In 1918, for a stated consideration of $20,100, he executed and delivered a deed for this, together with certain personal property, to his sons Charles H. Sheasley and Jacob J. Sheas-ley. Contemporaneously therewith the grantees executed a Declaration of Trust in which, after reciting their father’s deed to them, they acknowledged and declared that the property so conveyed was to be held by them in trust: first, to pay to Jacob Sheasley during his lifetime all the income from…