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COBAUGH TRUST

No. 1191 of 1964.

39 Pa. D. & C. 2d 175 (1966)

Cobaugh Trust

Common Pleas Court of Philadelphia County, Pennsylvania.

May 11, 1966.

Attorney(s) appearing for the Case

Philip B. Driver, Jr., for accountant.

Michael A. Foley and John J. Tinaglia, for petitioner.

William C. Ferguson, Jr., for James T. Conneen, guardian and trustee ad litem.

James L. Price and Murray B. Dolfman, for Commonwealth.

Francis Shunk Brown, 3d, Samuel S. Logan, Jr., Montgomery, McCracken, Walker & Rhoads, A. J. Drexel Paul, Jr., and Thomas Hart, for beneficiaries.

H. Clayton Louderback, Obermayer, Rebmann, Maxwell & Hippel, for estate of deceased cotrustee.

KLEIN, P. J., May 11, 1966.

By deed dated October 1, 1958, Elizabeth B. Cobaugh granted and assigned items listed in the schedule annexed thereto to Fidelity-Philadelphia Trust Company and Kenneth G. LeFevre, directing that during her lifetime the trustees "may in their discretion pay part or all of the income" to her daughter, Anne Virginia Alcorn, for life, any income not paid to settlor's daughter to be in trustees' discretion accumulated and added to the principal...

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