[Download] "Matter Construction will Irving Shupack" by Court of Appeals of New York ~ Book PDF Kindle ePub Free

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eBook details

• Title: Matter Construction will Irving Shupack
• Author : Court of Appeals of New York
• Release Date : January 11, 1956
• Genre: Law,Books,Professional & Technical,
• Pages : * pages
• Size : 68 KB

Description

[1 N.Y.2d 482 Page 486] Irving Shupack died in October of 1953, survived by his wife, a son and a daughter. His will, admitted to probate a month
later, contained an absolute legacy of $2,500 to his wife and gave the residue of his estate to a trustee (also named as executor)
"to be divided into three equal parts". One part was placed in trust for the benefit of his wife for life; upon her death,
it was provided, the trust was to terminate and the principal was to be divided between the other trusts. The other two parts
were placed in separate trusts for the benefit of the two children, each was to receive the income until his majority, and
at that time the trusts were to end and each child was to receive the principal outright. The property left by the testator
consisted primarily of six corporations which he wholly owned, two engaged in manufacturing, the other four in the real estate
business, their gross assets totaling about $750,000.

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