Jackson v. Riggs National Bank of Washington, D.C.

HERRMANN, Chief Justice:

This appeal is from rulings by the Chancery Court upon the petition of testamentary trustees for instructions as to the proper distribution of the trust corpus.

I

The case involves the Will of the late Senator Willard Saulsbury, executed in 1926. The basic estate plan provided for charitable gifts, a- devise of certain farmland, and a life interest in the residue to the Testator’s widow. The remainder was left to a residuary trust, with income and principal to be applied to bequests and annuities for named relatives. All income and principal not so applied were ordered…