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HALLOWELL TRUST

432 Pa. 184 (1968)

Hallowell Trust.

Supreme Court of Pennsylvania.

October 3, 1968.

Attorney(s) appearing for the Case

Philip A. Bregy, with him MacCoy, Evans & Lewis, and Duane, Morris & Heckscher, for appellant.

H. Ober Hess, with him Benjamin R. Neilson, and Ballard, Spahr, Andrews & Ingersoll, for appellee.

A. Evans Kephart, amicus curiae, in propria persona, filed a brief.

Robert L. Kirkpatrick, and Austin W. Scott, of the Massachusetts Bar, and Kirkpatrick, Pomeroy, Lockhart & Johnson, filed a brief for amicus curiae.

Cuthbert H. Latta, amicus curiae, in propria persona, filed a brief.

Before BELL, C.J., MUSMANNO, JONES, EAGEN, O'BRIEN and ROBERTS, JJ.

OPINION BY MR. JUSTICE JONES, October 3, 1968:

An inter vivos trust was created in 1935 by H.T. Hallowell (settlor) by transferring to his son, H.T. Hallowell, Jr., as trustee, 1,000 shares of Standard Pressed Steel Company common stock. In the trust agreement, the settlor directed that: the trustee "shall hold the said shares of stock and any stock dividends paid thereon intact";1 the net income to be paid to settlor's wife during her...

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