Trust Co. of Norfolk v. Commonwealth

Crump, P.,

delivered the opinion of the court.

On May 4, 1920, Lucius J. Kellam domiciled in Virginia, and a resident of Aceomac county, executed an instrument in the form of a deed of trust, to the Safe Deposit and Trust Company of Baltimore, Maryland, by which he settled upon his two sons as benefi*890eiaries certain securities valued at approximately $50,-000.00, and listed in a schedule attached to the deed. The securities, consisting of stocks and bonds, were delivered to the trustee, and the deed provided that in so far as they were registered, the trustee was authorized to have them…