Friedrich v. BancOhio National Bank

On November 27, 1974, Eitel J. Friedrich created a trust by executing a trust agreement with defendant-appellant, BancOhio National Bank (“BancOhio”). BancOhio was named as trustee of the trust. Friedrich, in his capacity as the grantor, funded the trust with cash and securities. Under the terms of the trust, BancOhio was to use the income generated by the trust to pay the administrative expenses and taxes associated with the operation of the trust. The remaining income, if any, was to be paid to the grantor in such installments as the grantor elected. If, at any time during the grantor’s…