(DOWNLOAD) "Schulz Estate." by Court of Criminal Appeals of Texas * Book PDF Kindle ePub Free
eBook details
- Title: Schulz Estate.
- Author : Court of Criminal Appeals of Texas
- Release Date : January 17, 1958
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 49 KB
Description
This estate has been the subject of extensive litigation, principally concerning the appointment of an administrator d.b.n.c.t.a. The factual background of this estate was set forth at length by the late Mr. Justice STEARNE in Schulz Estate, 374 Pa. 459, 461-464, 98 A.2d 176: "Max Schulz, the testator, died May 30, 1917. He was possessed of a twenty-six acre farm and personal property estimated at $3,000. He was a widower survived by seven adult children. By his will the residuary estate, consisting of the above real and personal property, was devised and bequeathed to his executor with direction to convert the real estate into personalty within two years from his decease and to divide the fund into seven equal shares. He bequeathed an equal one seventh share to each of six named children.The remaining one seventh share (the subject of the present litigation) he directed to be retained by his executor in trust to invest so much thereof as he may deem necessary in the purchase of a home for the use of his son Frank and the sons wife Lena, and to invest the balance and to pay the net income to the son and wife for their successive lives. Upon the decease of the life tenants the testator further directed that the house should be sold, and the entire corpus of the trust equally divided among the children of such life tenants. Testators son Edward was named as executor.
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