First Charter National Bank v. Ericson

G. Leonard Ericson died December 4, 1969 survived by his wife Helen Ericson. The couple had no children. His will, dated March 22, 1967, was admitted to probate. On March 7, 1967 Ericson had executed an irrevocable inter vivos trust and on March 9, 1967 he had executed an earlier will. The widow is the life beneficiary and Ericson’s nieces and nephews and their children are remainder-men of the inter vivos trust. The corpus of this trust consisted of Internationa] Business Machines stock worth $1,096,250 when created and $1,598,722.86 on the date of his death. The estate passing under the…