Commercial Trust Co. of N.J. v. Gould

George J. Gould, by his last will and testament, gave the residue of his estate to the complainants, in trust:

"To divide the principal thereof into ten (10) equal shares and to designate, hold and invest one of such shares for each of my children, Kingdon Gould, Marjorie Gould Drexel, Jay Gould, Vivien Decies, George J. Gould, Jr., Edith Gould Wainwright and Gloria Gould, and to collect and receive and pay or apply the rents, interest and income from the part or share so set apart for each child to his or her use during his or her life; and upon the death of any of said children to pay,…