Associated Professors of Loyola College v. Dugan

The will of Thomas O’Neill, of the City of Baltimore, after making certain pecuniary bequests to his employees, devised and bequeathed his residuary estate to trustees, who were directed to hold and manage the estate and to pay out of the income the annual sums of $25,000 to the testator’s widow, Roberta O’Neill, $5,000 to each of three sisters, $1,000 to another sister and $500 to a brother, during their respective lives, and to hold and invest, during the lifetime of the widow, all of the balance of the income, which should become and be treated as a part of the corpus of the trust estate.…