Ferraris Estate

KURTZ, P.J.,

In this case, trustees under a deed of trust executed by the above-named decedent on December 11, 1961, claim reimbursement by way of subrogation for the proceeds of an insurance policy assigned by decedent in his lifetime to the Bryn Mawr Trust Company, which proceeds were used to liquidate the mortgage debt of Beth Realty Company following decedent’s death.

The chronology of events upon which the question is presented may be stated as follows:

April 25, 1956: Mar Realty Company, a wholly-owned subsidiary of Paoli Inn, Inc., which, in turn, was wholly owned by decedent, obtained a…