United States Trust Co. of New York v. Shelton

Lavinia M. Brown, a resident of New Canaan, died July 3, 1932, leaving a will in the sixth paragraph of which she bequeathed $300,000 or securities of that value to her executors in trust to divide into fifteen separate trusts, one to be held for each of fifteen grandchildren named in the paragraph, and-in the seventh paragraph of which she disposed of all the rest, residue and remainder of her estate. The questions before us arise out of the provisions in the sixth paragraph that the executors, as regards each trust, should “pay over the income therefrom and from any accumulation of income…