Ritter's Estate

Citations

• 148 Pa. 577
• 24 A. 120
• 1892 Pa. LEXIS 1031

Syllabus

<p>Life estate — Annuity—Will—Sesiduary clause — Failure to appoint trus- i tee — Fxecutor. . j</p> <p>A bequest of the interest of a certain sum of money for life, with a direction that the same be paid annually, without the appointment of any trustee, and with no specific limitation over but followed by a residuary clause, gives the first legatee a life estate in the interest only, with a remainder of the principal to the residuary legatee; and, in such a case, the court will direct the executor to hold the fund during the life tenancy.</p>