R. I. Hospital Trust Co. v. Waterman

The complainant moves for an order for the expenses of this bill, which is for a change of investment of a trust fund.

No rule can be established, in regard to charging the expense of a change' of investment of trust funds, to be applied in all cases, because the conditions and exigencies are too diverse. It may be said generally, however, that (1) where the change is made for the safety of the principal, and so for the benefit of the donee of the fund, the' expense should be charged to the fund. (2) In cases where the change is made for the benefit of the life-tenant it should be charged to…