First Wisconsin Trust Co. v. Boyle

The facts in this case are not in dispute, and may be briefly stated. Testatrix died March 13, 1935, leaving as her only child and heir Francis H. Boyle. Her will created two testamentary trusts, substantially equal in amount. First Wisconsin Trust Company and Francis H. Boyle are cotrustees of one trust, and Marshall & Ilsley Bank and Francis H. Boyle are cotrustees of the other. Francis H. Boyle is the life beneficiary of one half the income of the trusts, and the remaining income is directed to be accumulated and added to the corpus of the trust. At her death testatrix owned 5,741 shares…