Field v. Bank of America National Trust & Savings Ass'n

Plaintiff, Maria de la Cinta Povedano Field, the widow of Walter J. Field, seeks to recover certain personal property having an approximate value of $42,000 which is held by defendant as trustee under a declaration of trust. The children and grandchildren of Mr. and Mrs. Field, beneficiaries under the trust, are joined as parties plaintiff.

When the declaration of trust was executed in January of 1928, the trustor, Walter J. Field, placed in trust four insurance policies on his own life, two of which were issued in 1887 and 1894, respectively, and the- other two in 1900. The trust provided…