Tapp v. Baskin

Opinion op the Court by

Hobson, Commissioner

Affirming.

P. H. Tapp and his wife, Hettie W. Tapp, on June 16, 1915, conveyed certain property in Louisville to the United States Trust Company upon these trusts: (1) During the lifetime of Hettie W. Tapp the net rents were to be paid to her. (2) If P. H. Tapp should survive his wife, then during his lifetime the net rents should be paid to him. (3) After the death of P. H. Tapp and his wife the property should be sold. (4) Out of the net proceeds of the rents and sale the trustee should pay tq.Loraine T. Baskin the amount of-the note for $1,500 due…