Equitable Trust Co. v. Buchenhorst

Citations

• 154 Pa. 146
• 26 A. 361
• 1893 Pa. LEXIS 858

Syllabus

<p>Will — Legacy—Annual payments in lieu of interest.</p> <p>Testatrix gave all of her estate real and personal to her son, charging it with the payment of a legacy of seven thousand dollars to each of her two granddaughters, children of a deceased daughter, to be paid them when they came of age. She directed that for the use of the money of these legatees her son should “ not pay interest, but is to pay them yearly in the month of October the sum of one hundred dollars for clothing.” She further directed that in case either of the legatees should die before reaching full age the survivor should take the share of her deceased sister. Held, that the son was bound to pay to each of the granddaughters the sum of one hundred dollars yearly, and not the sum- of one hundred dollars to be divided between them.</p>