133 Misc. 717 | N.Y. Sur. Ct. | 1929
In this accounting proceeding a question is raised as to the disposition of a fund which is held by the accountant for the benefit of a granddaughter of the testatrix under the 10th paragraph of the will which reads as follows:
“ Tenth. I direct my trustees to set aside from my said estate the sum of Two Thousand Dollars ($2,000.00), to hold the same in trust, and to accumulate the net rents and income therefrom during the minority of my granddaughter, Katherine Salsbury, and to transfer and pay over to her the principal thereof with such accumulations when she shall attain the age of twenty-one (21) years.” Katherine Salsbury died before reaching her majority and the