Bickers v. Shenandoah Valley National Bank

The question presented in this case is whether or not an instrument purporting to be an inter vivos trust is valid.

On December 10, 1949, Myron B. Bickers entered into a written agreement with the Shenandoah Valley National Bank of Winchester wherein it was recited that policies of insurance upon Bickers’ life, payable at death, have been made payable to and delivered to the bank as trustee. In the instrument the bank agreed to act as trustee. Eight insurance policies upon settlor’s life (upon which $41,830.46 was realized at his death), made payable to “Shenandoah Valley National Bank of…