PEW TRUST


411 Pa. 96 (1963)

Pew Trust.

Supreme Court of Pennsylvania.

May 29, 1963.


Attorney(s) appearing for the Case

Paul Maloney, with him Peter Hearn, Franklin C. Hutchinson, and Pepper, Hamilton & Scheetz, for appellant.

M. Paul Smith, with him Richard L. Grossman, and Smith, Cahall & Aker, for appellee.

Before BELL, C.J., MUSMANNO, JONES, COHEN, EAGEN, O'BRIEN and ROBERTS, JJ.


OPINION BY MR. CHIEF JUSTICE BELL, May 29, 1963:

The basic question here involved is whether a 6% common stock dividend of Sun Oil Company stock is a part of the net income which was given by the settlor to the life tenant, or whether the stock should be awarded to principal.

Mary C. Pew, on June 2, 1932, executed an inter vivos deed of trust in which she created an irrevocable spendthrift trust for the benefit of her...

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