Fidelity Union Trust Co. v. Suydam

The problems presented relate to estate taxes:

Joseph A. Ward, late of Orange, died in 1928, leaving a will under which complainant is surviving trustee. The will put the residuary estate in trust for testator's widow, Lucretia B. Ward, for life, and gave to her power of appointment in these terms:

"On the death of my said wife, the surviving trustee shall pay over and distribute the principal remaining in the trust to and among such persons as my said wife, Lucretia Ward, shall in and by her last will and testament designate and appoint to receive the same. If she shall fail to exercise such…