Harrington v. Bishop Trust Co.

OPINION OF THE COURT BY

STAINBACK, J.

In 1944 Arthur S. and E. Estelle Harrington, then husband and wife, as settlors, executed a revocable trust deed wherein certain shares of stock belonging to the husband and other shares belonging to the wife were conveyed to the Bishop Trust Company, Limited, as trustee, with the settlors as beneficiaries.

In January 1947, Arthur and Estelle, contemplating divorce, entered into a settlement agreement, and in April 1947 the settlors, *278then divorced, made an agreement terminating the trust of 1944 and directed the trustee to transfer to each settlor, as his or…