Evening Republican, Volume 15, Number 133, Rensselaer, Jasper County, 6 June 1911 — TIES UP ESTATE 60 YEARS [ARTICLE]

T I ES UP ESTATE 60 YEARS

Farmers Will Gives Family Only Life Interest—Children Are All Comparatively Young. Trenton, N. J. —Because of the drevisions of the will of the late Heury Sked it is likely that $17,000, the proceeds of the recent sale of the Sked farms at Hokewell and Pennington, will be tied up in the court of chancery for at least sixty years. A life interest in the farms was left to Mrs. Sked and the children, and upon their deaths were to go to the grandchildren. The sale of the land was made under a statute which permits the court of chancery, where real estate is left by will and where it is considered wise to so to do, to convert the property into cash and Invest the cash for the benefit of the legatees. Under this law the proceeds of the sale have been Invested and the interest will be paid overwto the widow and children. As children are comparatively young it Is likely that It will be sixty years or more before the money passes over to the grandchildren and out of the control of the court.