Wheelock Estate

Taxis, P. J.,

This matter comes before the court on appeal from an inheritance tax appraisement. The parties have stipulated the facts and the sole dispute concerns the interpretation of a deed of trust and the law relating to accumulations of income.

The stipulation establishes the following:

On December 1, 1938, Ward Wheelock, who then had three minor children, executed three similar deeds *754of trust by which he created an irrevocable trust for the primary benefit of each of his three children. The trust that was created for his son Ian is involved in the present proceeding.

Ian reached 21 on…