223 Pa. 508 | Pa. | 1909
Opinion by
The testatrix by will bequeathed $3,000 to a trustee in trust to invest the same and add the interest and income thereof to the principal sum until her grandson should arrive at the age of forty years, at which time the trustee was directed to pay the income derived from said principal and the accumulated interest thereon to said grandson for and during the term of his natural life, and after his death to pay the principal and accumulated income to the child or children of said grandson living at the time of his death, in equal shares. In the event of the death of said grandson without leaving any child or children to survive him then the principal and undistributed income of the $3,000 to revert to and become part of the residuary estate. The question raised here is whether the income accumulated prior to the time when the grandson arrived at the age of forty years should be distributed to his assignee, the appellant here, or to the residuary legatee. It is conceded, as indeed it must be under the authority of our cases that the direction to accumulate the “interest and income,” and add it to the principal until the grandson should arrive at the age
Decree affirmed.