Lyman Estate
Pennsylvania Orphans' Court, Philadelphia County
1Opinion of the Court
Boland, J.,
The main question raised by the exceptions filed herein is whether a life tenant with power to consume is, under the terms of the will of original testator, a debtor to or trustee for *499the remaindermen, and hence liable for depreciation of the assets awarded to the life tenant.
The will of William R. Lyman, deceased, after bequeathing to his wife, Fannie C. Lyman, a life interest in his estate with full power to use so much of the principal as may be necessary for her support and maintenance, devised and bequeathed the “remainder of my residuary estate, real and personal, that may be…
2Cases cited2 opinions
- Powell's EstateSupreme Court of Pennsylvania · 1940
- Hays EstateSupreme Court of Pennsylvania · 1947
3Cited by2 opinions
- Moltrup EstateSupreme Court of Pennsylvania · 1967
- Moltrup EstateSupreme Court of Pennsylvania · 1967