Shelley's Estate

Opinion by

Mr. Justice Sadler,

William H. Shelley took out two policies of insurance on his life, and later assigned them to his daughter Annie. On his death, in 1900, the proceeds were paid to the guardian of the latter, and, when she became of age, the money was turned over to her. Notwithstanding the previous transfer, it was directed by the father’s will that this insurance, amounting to $10,000, should be treated as a part of his estate and invested, and the interest paid to Annie N. Shelley for life. If she had no surviving children, the principal was made payable to Goucher College. The…