Schwartz v. Fulton Trust Co.

The deed of trust which is by this action sought to be declared revoked was created by plaintiff herself as the settlor for her own life, and its beneficiaries after her death were to be designees, whom she might by will appoint, and in default of such designation the persons who would take if she died intestate under New York law. Her declaration in the deed that she deemed the trust irrevocable did not prevent her from making a revocation, as the law but requires the consent of all persons beneficially interested to consent to a revocation in order to make the termination of a trust…