Gannon v. Graham

In 1918 or 1919, defendant Ernest Graham became indebted to the Valeria Savings Bank- for $5,000 on promissory notes. On November 24, 1922, he executed to the bank an instrument entitled “assignment of expectancy in estate,” which declared:

“For value received I hereby sell, assign and set over unto the Valeria Savings Bank of Valeria, Iowa, all my claim in expectancy to the estate of my father Norman A. 'Graham of Des Moines, Iowa, which I may acquire as heir at law or de-visee or legatee of my said father * * " the amount of money or property which shall be received by the Valeria Savings…