Ward v. NationsBank of Virginia, N.A.

By Judge Paul M. Peatross, Jr.

This case comes before the Court on the Demurrers of NationsBank, Rio Associates Limited Partnership, and Gardens Partnership, L.P. Argument was presented to the Court on April 12, 1996, and the Court took the matter under advisement.

Summary of Facts

For purposes of these Demurrers, the facts stated in the Bill of Complaint are taken as true.

On March 1, 1965, the Hartmans created a trust for the benefit of their grandchildren, naming Virginia National Bank (now NationsBank and hereinafter referred to as the Bank) as trustee. The trust asset that is the subject of…