Boston Safe Deposit & Trust Co. v. Northey

Edward A. Northey, the testator, died November 17, 1942, leaving a will pursuant to which Boston Safe Deposit and Trust Company was appointed trustee. By article Fourth of the will the residue of the estate was left to the trustee in trust "to dispose of the principal and income ... as follows:— (a) To pay to Caroline T. Peabody . . . the income therefrom up to but not exceeding the sum of Twenty-five Hundred (2500) Dollars yearly by monthly installments during her life, (b) To pay the balance of said income above Twenty-five Hundred (2500) Dollars a year, if any, during the life of said…