Macaulay v. Wachovia Bank of South Carolina, N.A.

HOWARD, J.:

This is an action to set aside an irrevocable life insurance trust based upon allegations of incompetence of the settlor and undue influence by the beneficiaries. Isabel M. Dusenberry executed a revocable trust (“the First Trust”) and an irrevocable trust (“the Second Trust”). The Second Trust was funded by a newly acquired life insurance policy which had a single premium almost as great as the face amount of the policy due to her age and health. Several beneficiaries of the First Trust (collectively “Respondents”) brought this action against Wachovia Bank, as Trastee, and the…