Spang's Estate

Citations

• 49 Pa. Super. 314
• 1912 Pa. Super. LEXIS 322

Syllabus

<p>Wills — Trusts and trustees — Vested and contingent interests — Disposition of income — Vesting of income.</p> <p>Where a testatrix directs that certain of her real estate is to be held in trust by the executors “they to collect the rents, etc., and after paying taxes and insurance and necessary repairs, divide the net proceeds annually among all my children, share and share alike, to wit:” naming the children specifically, and further directs that no distribution of principal in the manner directed by the will shall take place until the death of her last surviving daughter, the income is vested in the children, and if one of them dies after the death of the testatrix and before the death of the last surviving daughter, such child’s share of the income will go to his or her legal representatives. In such a case it is immaterial that the testatrix made no provision for the transmission of the share of inconie of a child who might die before the final dis-ti'ibution of her estate.</p>