Pinckney v. City Bank Farmers Trust Co.

Thomas DeWitt Pinckney created a trust in writing on July 2, 1928, and on June 23, 1930, made his will. By the trust agreement, and the supplement thereto, he “ assigns, transfers, conveys and sets over unto the Trustee,” personal property of the value of more than $40,000, “ together with any and all additions thereto or substitutions therefor,” in trust, to pay the net income to the settlor for life; and upon his death, if the trust be not revoked, from the corpus to set up other trusts and make distribution as therein directed. And in the trust instrument the *376settlor reserves to himself…