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children.) The Glovers were the residuary beneficiaries under the
old will as well as the 1989 will.
The 1989 will provided for certain specific bequests,
including a bequest of $50,000 to Mr. Ross and a bequest of $1
million to the University of Pennsylvania.5
Decedent owned a mobile home (valued at approximately
$250,000) which was to be held in trust and rented for $1 per year
to Mr. Cloud for so long as he desired. She also owned a farm
residence (known as Folly Hill) which was to be held in trust for
the benefit of Mr. Cloud, giving him the right to occupy the farm
rent free for life. Upon Mr. Cloud’s death, the farm went to a
residuary trust for the benefit of the Glovers.
The 1989 will created a residuary trust, from which the
trustee was to pay so much of the income and principal as necessary
to pay Mr. Cloud’s living expenses during his life. Upon Mr.
Cloud’s death, the assets of the residuary trust, including the
farm, were to be distributed to the Glovers.
Mr. Ross was named as the executor/trustee of the 1989 will.
Ms. Hurley was named as the contingent executrix/trustee in the
event Mr. Ross failed to qualify or ceased to act.
5 The bequest was to establish and perpetuate the Frances
Cheney Glover Endowment Fund to be used for the support of
academic development of veterinary staff and teaching of
veterinary students.
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