State v. First National Bank

MR. JUSTICE ADAIR:

(dissenting).

On July 21, 1954, Anna 0 ’Grady, aged 85 years and resident of Great Falls, Montana, died leaving an estate valued in excess of $1,900,000. Included in such estate was a contract which provided that upon the payment of the sum of $50,000 as a single premium to Aetna Life Insurance Company said Anna O’Grady was to receive certain semiannual payments for the rest of her life and upon her death, said payments were to continue to one James O’Grady, if living, and if not living, or in the event of his death later, then said payments were to be made to one Lucy…