Billings v. Marsh

This is a bill in equity by an assignee in insolvency, seeking to recover property alleged to have passed to him by the assignment. The defendants are trustees under the will of Charles Marsh, who hold the property in question under that will in trust for the insolvent, who is Mr. Marsh’s daughter, during her life. There are several distinct funds, but they are all equitable life estates, and are all held subject to the four*312teenth article of the will, which provides that no part of the property “ shall, before the payment or conveyance or transfer thereof to such child, ... be assignable or…