Phoebus v. Webster

This is a proceeding supplemental to execution. After the claim in question arose the judgment debtor transferred his house, which was nearly all the property he possessed,oto his wife for the consideration of $1. Some time thereafter the wife borrowed $45,000 and gave a mortgage on the house to secure its payment. Later she died, leaving a will whereby she created a trust and made her husband, the judgment debtor herein, sole beneficiary during his life. On his examination the judgment debtor testified as to the disposition of the *529$45,000 which his wife had borrowed, and stated that $15,000…