In re the Estate of Weiskotten

Delehanty, S.

By inter vivos trust indenture dated March 25, 1935, deceased erected a trust wherein she reserved the income to herself for life and reserved as well the power to amend and modify the terms of the indenture. One paragraph of the indenture provided:

“ Eighth. Any gift tax assessed against the Grantor, the Trustee hereunder, the trust estate or the remainderman hereunder shall *68be paid out of the principal and all inheritance, estate and transfer taxes, both State and Federal, which may be assessed against the estate of the Grantor, shall also be paid out of the principal of this…