United States Trust Co. v. Preston

Plaintiff is trustee under a trust agreement executed by the parties on October 18, 1934. On that date defendant delivered to plaintiff as trustee the indenture for the benefit of Alice Gwynne Preston, his sister-in-law, which provided that the grantor was to pay to plaintiff in cash the sum of $125,000 in trust to pay the income to the grantor’s sister-in-law during her *153life or until her remarriage and after her death or remarriage to the grantor’s wife, with, remainder to such of the issue of grantor and his wife as she should appoint, with contingent remainders to members of the grantor’s…