In re the Estate of Goudiss

Joseph A. Cox, S.

At a time when the testator maintained a checking account and a thrift account with a trust company he executed and delivered to the trust company his promissory note in the amount of $17,000. As security for the payment of the note the testator assigned a policy of the Prudential Life Insurance Company and a policy of the National Life Insurance Company in each of which his wife was named as beneficiary. By the terms of the note the bank balances on deposit to the credit of the testator constituted further security. It also was agreed that such security would apply to…