Beaumont's Estate

Citations

• 214 Pa. 445
• 63 A. 1023
• 1906 Pa. LEXIS 678

Syllabus

<p>Will — Deed—Trust and trustees — Clause of revocation.</p> <p>Where a person executes a paper which he designates as a deed, a.nd by which he assigns to a trust company certain interest bearing bonds, to collect the interest thereon and apply it to the payment of premiums on a policy of insurance on his life, and after his death to collect the proceeds of the policy and pay them and the accumulations from interest on bonds to certain persons designated, and the paper concludes with a power of revocation of the trust, the writing constitutes a will not passing any present interest in the bonds, and upon testator’s death all the securities and cash will be awarded to his legal representative under a later will.</p>