Schwinn v. Northern Trust Co.

Plaintiff, Nancy W. Schwinn, brought this suit in July of 1965 for an accounting and for other relief against the trustees named under a trust agreement executed by her former husband, Frank V. Schwinn, in January of 1965. In their answer, defendants raised as an affirmative defense the contention that Schwinn had validly revoked the trust on March 8, 1965, and moved to dismiss the complaint. In her reply, plaintiff contended that under the terms of the trust agreement the power to revoke could only be exercised jointly by Schwinn and by plaintiff, and that his purported revocation without…