Quay's Estate

Citations

• 253 Pa. 80
• 97 A. 1029
• 1916 Pa. LEXIS 786

Syllabus

<p>Wills — Trust estates — Sloclcs—Increase on sale — Income.</p> <p>Where a testator directed that his estate should be converted, and distributed as cash, and created a trust fund for the benefit of certain persons for life and the trustees of such fund took certain stock in lieu of cash upon the distribution of the testator’s estate, and subsequently realized a profit upon the sale thereof, the profit so realized was not part of the corpus of the trust fund, but was distributable as income.</p>