Barclay's Trustee v. Commonwealth

Opinion of the Court by

Judge Nunn

Affirming.

In September 1911 Tbe Security Trust Company of Lexington entered into a written contract with Mrs. Annie D. Barclay wbo, according to tbe contract, was a resident of Cbicago, Illinois. By tbe contract Tbe Trust Company agreed to act as trustee for Mrs. Barclay, and as sucb trustee acknowledged that it bad possession of ber entire estate, and undertook to manage and control tbe same during ber lifetime. Until ber death it would pay ber tbe net income therefrom, and upon ber death it would distribute tbe same ‘‘ among tbe heirs at law of tbe party of…