Wills Trusts & Estates keyed to Dukeminier
First National Bank of Bar Harbor v. Anthony
Anthony created a revocable intervivos trust that paid income to himself for life then to his wife Ethel for life, and upon the death of the settlor and his wife, the corpus was to be divided in equal shares among the settlor’s children: John, Peter, and Dencie. John predeceased Anthony. The lower court ruled that because John did not survive the testator, his interest lapsed.
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