Pedrick v. Guarantee Trust Co.

Complainants, uncles, aunts and cousins of one Robert M. Pedrick, deceased, seek to establish a resulting trust in certain moneys in the hands of the Guarantee Trust Company of Atlantic City, administrator of said Pedrick.

Robert M. Pedrick, in his lifetime, executed a trust agreement under date of May 21st, 1930, naming the Guarantee Trust Company as trustee. Under the terms of the trust agreement, Pedrick, hereinafter called the trustor, delivered to the Guarantee Trust Company, hereinafter called the trustee, certain life insurance policies theretofore purchased by the trustor, insuring his…