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eBook details

• Title: Estate Oscar S. Bergman Lillie B.
• Author : Supreme Court of Minnesota
• Release Date : January 19, 1930
• Genre: Law,Books,Professional & Technical,
• Pages : * pages
• Size : 61 KB

Description

When interest not payable on bequest during administration. Testator gave to three trustees $40,000 out of his general estate, to be invested and reinvested by the trustees and the income therefrom to be paid to appellant quarterly during her life. The estate was promptly probated and closed, and the fund of $40,000 decreed to and vested in the trustees by final decree of the probate court about 14 months after testator's death. The debts and expenses of administration exceeded the income from the estate during the period of administration. It is held that the appellant is not entitled to interest on the $40,000 during the period of administration while the estate was in the hands of the executors.

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