Young v. First Nat. Bank of Chicago

IGOE, District Judge.

The plaintiff, as trustee in bankruptcy, filed suit to recover funds on deposit in the defendant bank in the account of Bently S. Handwork, Ralph C. Boozer and Philip W. Lo-tz, as trustees, under two trust agreements made in August, 1935, by the mother and father of the bankrupt. The trust agreements (hereinafter referred to as the Joslyn family trusts) granted equitable life estates to the donors’ four children (including the bankrupt, George R. Joslyn) and remainders to the donors’ grandchildren and to United Charities of Chicago. The plaintiff claims that the equitable…