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ESTATE OF REED

Docket No. 30589.

259 Cal.App.2d 14 (1968)

66 Cal. Rptr. 193

Estate of CLARENCE ALLISON REED, Deceased. ALBERT H. REED, as Administrator With the Will Annexed, etc., Claimant and Appellant, v. BANK OF AMERICA, as Successor Trustee, etc., Petitioner and Respondent; LOYOLA UNIVERSITY OF LOS ANGELES et al., Claimants and Respondents.

Court of Appeals of California, Second District, Division Two.

February 15, 1968.

Attorney(s) appearing for the Case

Smith & Davis and Frank R. Davis for Claimant and Appellant.

Nicholas, Kolliner, Van Tassel & Myers, Wm. Howard Nicholas and Fred A. Weller for Petitioner and Respondent.

William L. Stein, Nossaman, Waters, Scott, Krueger & Riordan, Laughlin E. Waters, Jane R. Brady, J. Marion Wright and Owen E. Kupfer for Claimants and Respondents.

ROTH, P.J.

Clarence Allison Reed, a resident of Los Angeles, died on June 7, 1937. His wife predeceased him, but he was survived by his two children Paul R. Reed and Bessie May Sheehan.

Clarence's will, dated June 14, 1935, was duly admitted to probate. It provided for the creation of a trust with Paul as trustee and executor of the estate. The trust provisions of the will provided that Bessie was to receive "one-half of the net income available for distribution...

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