Jones v. Old Colony Trust Co.

This is a suit in equity brought by an administrator for the recovery of property alleged to belong to the estate of his intestate. She transferred to the Old Colony Trust Company, hereafter called the defendant, deposits in banks and other securities. The transfer was made by instrument in writing and under seal in terms selling the legal title and delivering possession of all the property, described in detail in a schedule annexed, but upon specified trusts. Those trusts were to hold, manage, invest and reinvest in its sole discretion, with the widest powers in this respect, to pay the…