Edward L'E Phipps died in December of 1947. In his will, he made a number of bequests, created a trust of certain real property in the City of Mount Vernon and left his residuary estate to his wife Coralie. More specifically, by Paragraph Fourteenth, he gave and devised to his "Executors and (or) Trustees hereinafter named, in trust," the Mount Vernon property "to keep and manage * * * and to receive...
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