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McCREDY ESTATE

No. 2395 of 1965.

42 Pa. D. & C. 2d 519 (1966)

McCredy Estate

Common Pleas Court of Philadelphia County, Pennsylvania.

July 14, 1966.

Attorney(s) appearing for the Case

Charles F. Nahill, for Commonwealth, exceptant.

Dechert, Price & Rhoads and Herbert S. Riband, Jr., contra.

Hart, Childs, Hepburn, Ross & Putnam, for accountants.

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

ADJUDICATION

SHOYER, J., July 14, 1966.

Decedent, Frances R. McCredy, died December 26, 1964, not survived by a spouse, leaving a will dated June 24, 1954, . . .

Item six (c) provides:

"(c) So long as said three individual [residuary] beneficiaries shall live said Trust and the income therefrom shall be held in spendthrift trust to the fullest extent permitted by law, and the income therefrom shall not be liable for any debts, contracts,...

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