Where a power or trust is granted to a parent to bestow property conveyed or settled by the instrument creating the power or trust, in favor of any one or more of the children of the parent, any property given under the power or trust to a child shall be collated and brought into contribution by the child claiming a share in the distribution of the property of the parent.
Code 1858, § 2434 (deriv. Acts 1839-1840, ch. 48, § 3); Shan., § 4177; Code 1932, § 8404; T.C.A. (orig. ed.), § 31-704.
Textbooks. Pritchard on Wills and Administration of Estates (4th ed., Phillips and Robinson), §§ 819, 820.