Jarrett v. McReynolds

The First National Exchange Bank of Virginia, as Trustee under the will of James T. Jarrett, deceased, filed a bill against William A. Jarrett, Margaret A. Jarrett Morris and Elizabeth H. McReynolds, asking for the court’s direction in making distribution of the principal of the trust created by the will of James T. Jarrett. The court below held that each of the defendants was entitled to one-third of the trust principal. We granted an appeal to William A. Jarrett and Margaret A. Jarrett Morris (appellants).

The issue here is whether Elizabeth H. McReynolds, the sole devisee under the will of…