Holzbach v. United Virginia Bank

United Virginia Bank, Executor and Trustee under the last will and testament of Arthur Ray Hall, Deceased, filed a bill of complaint seeking advice and direction whether a power of appointment over the corpus of a marital trust created by the will of its decedent had been effectively exercised by the will of the donee of that power.

By will admitted to probate on October 9, 1964, Arthur Ray Hall (donor) established a “marital trust” with a corpus equal to “so much of my property . . . which will avail my estate of the full marital deduction permitted by the Federal Estate Tax Law which is…