In Re Trust Created by Anneke

Knutson, Justice.

During the year 1922, Percy S. Anneke began discussions with the officers of the then First National Bank of Duluth respecting the matter of creating a living trust for the benefit of his daughter, Margaret Anneke Perl. At that time, the bank conducted a bond department and through it dealt in securities. Prior to that time, Mr. Anneke had been a regular customer of the bank and had purchased securities through its bond department. After some correspondence and discussions, a trust agreement was prepared by an attorney of Duluth who acted as counsel for the bank. Mr. Anneke…