Letterle's Estate

Citations

• 248 Pa. 95
• 93 A. 935
• 1915 Pa. LEXIS 518

Syllabus

<p>Decedents’ estates — Wills—Life estates — Personal property — Act of May 17, 1871, P. L. 269 — Investments—Profits-—Disposition on death of life-tenant.</p> <p>■Where personal property is given to one for life with remainders over and the life-tenant takes possession thereof, giving- a bond for the protection of the remainder- interests as required by the Act of May 17, 1871, P. L. 269, the life-tenant may use the property at his own discretion, and upon his death his estate will be entitled to any profit made in the investment thereof. Such life tenant is not a trustee for the remaindermen, but is théir debtor .and his estate-will be liable only for the appraised value of the property at the time when it was received.. -</p>