TOWER ESTATE (NO. 2)

No. 199.

34 Pa. D. & C. 2d 321 (1964)

Tower Estate (No. 2)

Common Pleas Court of Philadelphia County, Pennsylvania.

December 18, 1964.


Attorney(s) appearing for the Case

George B. Clothier, guardian and trustee ad litem, for exceptant.

William H. S. Wells, contra.

Before Klein, P. J., Bolger, Lefever, Saylor, Shoyer and Burke, JJ.


LEFEVER, J., December 18, 1964.

The question before the court is whether the trustees, in view of the investment powers contained in the will and the prior interpretation thereof by this court, acted properly in investing in stocks and bonds which are legal investments under The Fiduciaries Investment Act of 1949, as amended.

Testator died July 4, 1889, leaving a will dated May 21, 1889. By his will testator gave his residuary estate to his trustees, in trust...

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