Fidelity Trust Co. ( 1911 )

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.