Sparkman-Thompson, Inc. v. Chandler

By original bill in equity, creditors of the estate of W. C. Pipkin, deceased, seek to reach in satisfaction of their debts the proceeds of life insurance effected by the deceased on his own life, and payable to his estate. TCxcept for this fund the estate is wholly insolvent, and the creditors are without other recourse.

The suit is resisted by Pearl H. Chandler, a niece of the deceased, as executrix of his will, and individually as legatee of the fund in dispute. The will prpvides:

“To my niece, Pearl H. Chandler, I give, devise and bequeath a policy of life insurance issued on my life by…