In re the Accounting of Chase National Bank

Howell, S.

The testator left all his property in trust to pay the net income, except that. from his dwelling in Awosting, N. J., to his wife for life and thereafter to his daughter for life, remainder to his grandchild. As to his dwelling at Awosting, N. J., he directed the trustee to permit his wife to occupy the same “ at the nominal rental of one dollar per year ” during her lifetime or for such period or periods as she should choose, but, if she would rather receive the net income than occupy it, he conferred upon her the right to direct the trustee to rent it and pay her the net income…