Crawford's Estate
Supreme Court of Pennsylvania
Crawford's Estate, 256 Pa. 504 (Pa. 1917)
100 A. 974; 1917 Pa. LEXIS 644
Brown, Frazer, Mestrezat, Potter, Stewart
Crawford's Estate
Opinion of the Court
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.
Reference
- Cited By
- 6 cases
- Status
- Published
- Syllabus
- Decedents’ estates — Trusts and trustees — Expenses—Premium on bond. The premium paid by a trustee to a surety company for becoming surety on the bond, which the trustee is required by law or order of court to file, is a proper administration expense, and like other such expenses, is chargeable against the income, not the principal, of the trust fund.