Loewer's Estate

Citations

• 263 Pa. 517
• 106 A. 789
• 1919 Pa. LEXIS 465

Syllabus

<p>Wills — Estate for life — Refusal of widow to enter security as life tenant — Appointment of trustee — Income — Principal — Increase.</p> <p>Where .a widow, who is given, under her husband’s, will, a life estate in personal property consisting in part of bonds and other securities, refuses to enter security as life tenant, and the court thereupon, at her instance and at the instance of all other parties in interest, appoints a trustee, to whom the securities.are handed over in kind, and in whose hands they remain unconverted .until the death of the widow, any increase in the value of the securities, during the life tenancy, enures to the advantage of the remainder-man, and not to the estate of ,the life tenant.</p> <p>Letterle’s Est., 248 Pa. 95, and Weir’s Est., 251 Pa. 499, distinguished.</p>