Wernick v. Wernick

The complainant, husband of the defendant, seeks to impose a trust to the extent of $20,000, upon a mortgage for $60,000 held by her upon premises 929 Cottage Place, Union City, New Jersey, for money advanced by him prior to their marriage, which took place in July, 1928. The complainant, who had been a clothes operator, had saved the sum of $20,000, which he deposited in Boston, Massachusetts, banks. He had been receiving interest at the rate of four per cent. upon his deposits. In the month of December, 1927, he and the defendant discussed investments in mortgages. He seemed to be impressed…