Barr's Petition

Citations

• 234 Pa. 294
• 83 A. 202
• 1912 Pa. LEXIS 645

Syllabus

<p>Trusts and trustees — Interest on trust funds — Father and son— “Advancements.”</p> <p>Where a father assigns to a trustee together with other personal property a number of promissory notes made by two of his ¡sons with directions to pay “the net -income of said properties,” to the grantor and his wife and the survivor during their lives, and upon their death, after charging the two sons who had made the notes “as in the case of advancements, the sums due from them specified above, or so much thereof as shall not have been paid,” to divide the properties held by him in trust among the grantor’s six children, the promissory notes carry interest until the death of the surviving parent, and upon the final distribution of the estate the shares of the two sons who had made the notes are chargeable with all unpaid interest on the same.</p>