Equitable Trust Co. v. Pennetto

The Chancellor.

The will of James Pennetto provides inter alia as follows:

“Second: I give, devise and bequeath all my estate, real, personal and mixed, of which I shall die seized and possessed, or to which I may be entitled at the time of my death, unto my wife, Rose Pennetto, to have and to hold the same for and during the term of her natural life, or until she marries, if she shall remarry.

“It is my will and desire that my said wife shall keep my personal estate invested, from time to time, in good, safe, interest bearing securities, and keep the principal of the same intact, appropriating…