Commonwealth v. First Pennsylvania Banking & Trust Co.

Swope, P. J.,

The facts surrounding the issue in this case have been agreed upon by the parties. Frank John Van der Kemp, a citizen of the United States, who resided throughout his lifetime in France, by deed of trust dated February 18, 1952, executed in France, transferred certain assets to the Pennsylvania Company for Banking and Trusts, now The First Pennsylvania Banking and Trust Company, as trustee, to pay the income to himself for life. Upon the death of the settlor, the income was to be paid to a citizen of France for her life, and, upon her death, the principal to be paid to the…