Glassburner's Estate

Citations

• 40 Pa. Super. 134
• 1909 Pa. Super. LEXIS 579

Syllabus

<p>Guardian and ward — Investment of funds — Surcharge—Testamentary guardian.</p> <p>Where a testator appoints his brother who is not an active business man guardian of his son and authorizes him “to invest such money belonging to my boy that may come into his hands, in such manner as will, in his opinion, be for the interests of the boy,” and the guardian in good faith deposits the money in a bank on an open account at four per cent interest, he cannot be held liable for the loss of the money resulting from the failure of the bank.</p>