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  5. 77 Pa. D. & C. 308 (1950)
 

KRAFT TRUST

No. 5,568 of 1950.

77 Pa. D. & C. 308 (1950)

Kraft Trust

Common Pleas Court of Allegheny County, Pennsylvania.

December 29, 1950.

Attorney(s) appearing for the Case

Thomas V. Douglass, for petitioner.

Thomas E. Whitten, for respondent.

RYAN, J., December 29, 1950.

The real question in this declaratory judgment proceeding is whether under the law of Pennsylvania the settlor of an irrevocable trust can assign retained or reserved life income despite a spendthrift clause in the trust instrument prohibiting assignment. It may be stated that petitioner desires legitimate avoidance of Federal estate tax.

By indenture dated November 20, 1929, and...

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