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WILL OF YATES

259 Wis. 263 (1951)

WILL OF YATES: FIRST WISCONSIN TRUST COMPANY, Trustee, Respondent, vs. PERELES, Guardian ad litem and others, Appellants.

Supreme Court of Wisconsin.

June 15, 1951.

Attorney(s) appearing for the Case

Nathan Pereles, Jr., of Milwaukee, guardian ad litem, for the appellants.

For the respondent there was a brief by Shea & Hoyt, attorneys and Ralph M. Hoyt and Hamilton T. Hoyt of counsel, all of Milwaukee and oral argument by Ralph M. Hoyt and Hamilton T. Hoyt.

MARTIN, J.

Arthur W. Yates died September 25, 1930, leaving a will dated October 4, 1928, setting up a trust fund in excess of $15,000. The powers of the trustee with respect to investment of the funds of the trust estate are set forth as follows in article III of the will:

"First: To keep the trust estate well and safely invested during the term of the trust hereinafter stated. Full power and authority is hereby granted to the trustee to sell and dispose...

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