Second National Bank v. Harris Trust & Savings Bank

In this action the plaintiff trustee seeks a determination of how the portion of a trust fund subject to a power of appointment is to be distributed; a judicial settlement of its accounts; an order fixing and allocating attorneys’ fees; and other equitable relief. All of the defendants have appeared, and their answers admit paragraphs of the complaint alleging facts which may be summarized as follows:

In New Haven on April 21, 1922, Caroline Haven Trowbridge, a resident of that city, created an inter vivos trust with the plaintiff as trustee. The income of the trust was given to the settlor’s…