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SCHAUTZ TRUST

395 Pa. 605 (1959)

Schautz Trust.

Supreme Court of Pennsylvania.

May 28, 1959.

Attorney(s) appearing for the Case

C.H. Welles, 3rd, for appellants.

J. Julius Levy, with him John W. Bour, and Levy, Mattes, Preate and McNulty, for appellees.

Before JONES, C.J., BELL, MUSMANNO, JONES, COHEN, BOK and McBRIDE, JJ.

OPINION BY MR. JUSTICE MUSMANNO, May 28, 1959:

On July 31, 1937, Mrs. Phenie L. Schautz entered into an inter vivos trust with the Scranton Lackawanna Trust Company (now the First National Bank and Trust Company of Scranton) whereby, after her death, the Trustee was to pay the net income of her estate to her husband for the term of his natural life, and then, upon his death,1 according to the Third Paragraph of the trust agreement, "the...

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