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Wills, Trusts & Estates keyed to Dobris
Industrial National Bank of Rhode Island v. Barrett
Facts
Testator’s husband died prior to Testator. Through Testator’s husband’s will, Testator received the property of her deceased husband in trust, held by Plaintiffs as trustees, with at least the quarterly income payable to Testator for life. In addition, Testator was entitled to request in writing any additional amounts of the trust corpus as she may need for her comfort and support without being held accountable to any remainderman or court. Testator also received a general power of appointment over the corpus of the trust at her death. Testator exercised this general power in her will and had the income of the trust payable to her granddaughters, and upon either of their deaths, to the granddaughter’s issue. Testator stated that the trust was to terminate twenty-one years after the death of the last survivor of the younger grandchild or issue of either grandchild living at her death. The matter is brought before the Court by plaintiffs to have the Testator’s will and instructi ons there under interpreted.
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