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STEEL v. STEEL

125 A.2d 261 (1956)

Edwin de Haven STEEL, Jr., and Elizabeth T. Short, Trustees under Item Seventh of the Will of Isaac D. Short, deceased, Plaintiffs, v. Jennie M. STEEL, Elizabeth T. Short, Edwin de Haven Steel, Jr., Roger Taylor, Elizabeth Short Hastings, Annie Short Elliott, Delia Short McCune and Mary Short Day, Defendants.

Court of Chancery of Delaware, New Castle.

August 30, 1956.

Attorney(s) appearing for the Case

John J. Morris, Jr., Wilmington, for plaintiffs.

James M. Tunnell, Jr., Georgetown, for Elizabeth T. Short, a defendant.

Caleb S. Layton and Aaron Finger, Wilmington, for Elizabeth Short Hastings, Annie Short Elliott, Delia Short McCune and Mary Short Day, defendants.

Edwin D. Steel, Jr., Wilmington, pro se as a defendant and for Jennie M. Steel, a defendant.

Louis J. Finger, Wilmington, for Aaron Finger, guardian ad litem of the unborn issue of Edwin de Haven Steel, Jr., a defendant.

MARVEL, Vice Chancellor.

Plaintiffs, who are trustees named in the will of Isaac D. Short, seek instructions as to payment of equitable and trust income to life tenants and as to how they should apportion as between capital and income the proceeds derived from liquidation of the I. D. Short Company, stock in which was received by them as part of the residue of the Short estate. Defendants are the life tenants and remaindermen who benefit under various contingencies...

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