Estate of Canfield

Appellant is a trustee appointed pursuant to the terms of the will of Charles A. Canfield, deceased. The appeal is from that portion of an order settling an account, which determined that a certain sum of money, being a part of the proceeds of the sale of certain bonds and shares of stock, is not corpus of the estate, but constitutes an accumulation of income in the hands of the trustee and should be credited to income and distributed to the life beneficiaries in accordance with the terms of the trust. The notice of appeal covers certain other details of the order, which items need not here be set forth at length.

In course of the administration of the decedent’s estate a decree of partial distribution was made whereby, in accordance with the provisions of the will, certain bonds and corporate stocks of the appraised value of $900,000 were distributed to the trustee to be held upon certain trusts which, in accordance with the terms of the will, were set forth in said decree. The trustee was authorized to receive the rents, issues, dividends, profits and income of the trust estate, invest and reinvest the principal and after paying taxes and lawful charges and expenses of the…