Schofield v. Cleveland Trust Co.

It is maintained by tbe plaintiff that the judgment of the Court of Appeals should be reversed for two reasons: First, because the trust is absolutely void, being a mere agency agreement, and, second, conceding its general validity, it cannot be supported as against the subsequent creditors of the settlor, who can compel revocation, and subject the trust corpus to the payment of the settlor’s debts by virtue of Section 8617, General Code. We shall discuss these contentions in the order stated.

The trust agreement in issue may properly be regarded as standard in form, possessing a number of…