Keith v. First National Bank & Trust Co.

Opinion op the Court by

Judge Ratlipp

Affirming.

In June, 1913, Uriah Shinkle and his wife, Mary Shinkle, executed their deed of trust to the Covington Savings Bank & Trust Company, conveying to it certain, real estate in the city of Covington, Ky., to be held in trust for the benefit of the trustors during their life with remainder to certain other designated persons and providing that the property shall vest absolutely in one of the beneficiaries upon the happening of certain contingencies.

The pertinent parts of the trust deed are as follows:

“The net income from said property shall be paid:

“[a]…