Penn-Gaskell's Estate

Citations

• 208 Pa. 346
• 57 A. 715
• 1904 Pa. LEXIS 760

Syllabus

<p>Appeals — Assignments of error — Failure to print testimony.</p> <p>The Supreme Court will not consider assignments of error to findings of fact by an auditor, where the testimony relating to such findings has not been printed.</p> <p>Trust and trustees — Sale under Price Act — Distribution of proceeds — Will.</p> <p>Where a testatrix devises a farm to a trustee for the life of her nephew with remainder to his children, and directs that the nephew shall have the right to occupy the farm and buildings “so long as he should continue to cultivate the same according to the rules of good husbandry, and keep the place in good order and repair,” and the land is subsequently sold under the Price Act, the children of the nephew are not entitled to have the proceeds of the sale distributed directly to themselves. In such a case the trustee must invest the proceeds and pay the income to the life tenant.</p> <p>Trust and trustees — Life tenant and remainderman — Principal and income —Premiums on investments.</p> <p>Premiums paid by a trustee on investments are to be charged to principal and not to income.</p>