Fidelity Union Trust Co. v. Parfner

The bill of complaint is filed by the trustee under an intervivos trust, to obtain a settlement and approval of its account. The account, which has been audited by a master, will be approved. The donor or settlor of the trust, Mrs. Parfner, counter-claims to avoid or revoke the trust.

In September, 1926, when the trust agreement was executed, Mrs. Parfner (then Mrs. Bell) was thirty-two years of age and had one child Grace. She was divorced from her husband and supported herself and her daughter by running a small shop. She owned securities worth $41,000, of which she put into the trust…