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Fidelity Trust Co.

47 Ct. Cl. 639
Supreme Court of the United States·Decided December 4, 1911·Published

Opinion

The decision of the court below is reversed on the ground that a legacy to pay over net income to the legatee in periodical payments during the legatee’s life on which the legatee has received several payments of income is not a contingent beneficial irgterest, but a vested life estate.

Mr. Justice Holmes

delivered the opinion of the Supreme Court December 4, 1911.

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Fidelity Trust Co., 47 Ct. Cl. 639 (U.S. 1911).

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