Goldin v. Kentucky Trust Co.

DAVIS, Commissioner.

The question before us involves construction of the will of Moses W. Ades *116with particular reference to the following portion of that will:

“D. Three years following my death, and for each year thereafter, my said Trustees shall pay to my dear daughter, Anita G. Goldin, the sum of $5,000.00 per year, to be paid quarterly at the rate of $1,250.00 each three months. In the event the income is insufficient to make the payments in the amount herein set out, the Trustees are authorized and empowered to encroach upon the principal to provide the payments as stated.

E. Upon the…