Union Trust Co., Tr. v. Ralston, Rec.

The Farmers Trust Co. of Indianapolis acted as administrator with the will annexed of the estate of Charles T. Vajen, deceased husband of Katherine D. Vajen, appellant’s cestui qui trust, from February 1, 1930, to April 11, 1931, when said estate was duly closed. The estate consisted of securities and cash in bank. Katherine D. Vajen was the sole legatee under decedent’s last will.

On April 16, 1931, five days after said estate was closed, said Farmers Trust Co. and Katherine D. Vajen entered into a trust agreement by the terms of which agreement $7,527.88 cash in bank and certain securities…