First Nat. Bank of Birmingham v. Love

BOULDIN, Justice.

This is a creditor’s bill to set aside an instrument creating a “Life Insurance Trust,” upon the ground that it was fraudulent and void as against existing creditors of the grantor, and to subject the proceeds of the policies in the hands of the trustee to the payment of the grantor’s pre-existing debts.

Pertinent provisions of the instrument appear in the report on former appeal. Love et al. v. First Nat. Bank of Birmingham et al., 228 Ala. 258, 153 So. 189. We there held the trust instrument valid in so far as the proceeds of the life insurance policies were charged with the…