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Per Curiam, Part of the lawful expense incurred in the execution of any trust is the sum paid by the trustee to a surety company for becoming surety on the bond which he is required to give by law or by order of court: Act of June 24, 1895, P. L. 248; Clark’s Est., 195 Pa. 520. The general rule is that the income, and not the principal, of a trust fund must bear the expense of administering: Spangler’s Est., 21 Pa. 335; Butterbaugh’s App., 98 Pa. 351. There is nothing in the case before us to take it out of this rule, and the decree of the Superior Court is affirmed, at appellant’s costs.
Document Info
Docket Number: Appeal, No. 180
Judges: Brown, Frazer, Mestrezat, Potter, Stewart
Filed Date: 2/19/1917
Precedential Status: Precedential
Modified Date: 10/19/2024