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SANTOLI v. LOUISVILLE TRUST CO.

550 S.W.2d 182 (1977)

Susan Jane SANTOLI et al., Appellants, v. The LOUISVILLE TRUST CO. et al., Appellee.

Court of Appeals of Kentucky.

April 22, 1977.

Attorney(s) appearing for the Case

Martin Roach, John E. Tarrant, Louisville, for appellants.

Henry R. Heyburn, Samuel R. Wells, Brown, Todd & Heyburn, Louisville, for appellee.

Before COOPER, HOGGE and REYNOLDS, JJ.

COOPER, Judge.

Charles M. Thatcher and Mary A. Thatcher died testate in the state of Michigan, each in 1936. At the time of their death they were survived by three children and a granddaughter, they are respectively; Rosella, Sarah, Oliver and Mary Jane. Their wills contained a trust provision identical in nature and providing as follows:

"I direct that one-fourth of the net income from my said trust estate shall be paid in quarterly installments to my granddaughter...

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