Beatty's Estate

Citations

• 214 Pa. 449
• 63 A. 975
• 1906 Pa. LEXIS 679

Syllabus

<p>Trusts and trustees — Negligence—Fraud—Surcharge—Will.</p> <p>Where a will appoints two trustees, and directs that the estate shall be invested in a particular manner, .and one .of the trustees takes the estate and embezzles it, the other trustee' will be- liable for the loss, if it appears •that he made ho effort to' invest, the estate in the manner directed by the will, and merely relied upon the statement of the other trustee that it had been So invested.</p>