Kenin's Estate

Stearne, J.,

These are exceptions to-an account of a corporate trustee of an insurance trust..

Two principal questions are raised:(a) Whether the trust is testamentary in character,, and therefore subject to settlor’s creditors, and(b) Whether settlor was insolvent when he erected the insurance trust, and if so, whether such trust was invalid..

The auditor found that the trust was testamentary in character and that settlor was insolvent when the trust-was created. He awarded the fund to the executors of the-estate of settlor.

Settlor executed a deed of trust on April 12, 1929,. whereby he…