Opinion ID: 2311222
Heading Depth: 1
Heading Rank: 3

Heading: Disposition upon Hazel Simpson Mathay's death

Text: Neither the auditor nor the Court below determined the disposition to be made of the trust fund upon the death of Hazel Simpson Mathay. Under the proposed distribution schedules, an amount necessary to complete the trust fund of $60,000 is identified as the balance due under the March 25, 1960 agreement. All remaining assets were shown as available to decedent's surviving spouse for distribution under her marital deduction gift. Appellants now ask the Court to determine their right to the property listed in item 5 of the will either presently or as a remainder in fee. As we noted earlier, under the law of abatement, the surviving spouse was entitled to receive the property at 211 Main Street in partial fulfillment of her marital deduction gift. Since no other assets are presently available, it is clear appellant cannot now receive the equivalent in cash or other personal property. Further, there appears no compelling reason for consideration of the remainder interests until the termination of Hazel Simpson Mathay's life interest. At that time, the trust fund balance will be returned to the estate and the executor will determine to whom the funds should go. All residuary legatees will then have an opportunity to file exceptions to any account filed in connection with any additional distribution. Decree affirmed. Appellants to pay costs.