Fidelity Trust & Safety Vault Co. v. Glover
Court of Appeals of Kentucky
Cash 57 — PETITION EQUITY APPEAL FROM CALDWELL CIRCUIT COURT. It is the duty of trustees to make such investment of trust funds a? would be made by prudent business men, with a view of securing a safe income for themselves or families, and they may change the investment from time to time as they may deem the interest of beneficiaries requires. (Citizens’ Nat. Bank v. Jefferson, 11 ICy. Law Bep., 175.)
1Opinion of the Court
JUDGE PBYOE
delivered the opinion oe the court.
Joseph L. Glover, at the time of his death, was a resident and citizen of the State of Tennessee, living in the city of Knoxville. He owned considerable personalty, and but little real estate. His widow died shortly after her husband, and left surviving, as the offspring of. their marriage, three children, who are all defendants to this proceeding. The appellant, the Fidelity Trust and Safety Vault Company, is now, and was when this action was instituted, the statutory guardian of the children, all of whom are infants. The children have been…
2Cases cited1 opinion
- Dilger v. CommonwealthCourt of Appeals of Kentucky · 1889
3Cited by4 opinions
- Gee v. WomackCourt of Appeals of Kentucky · 1924
- Aydelott v. BreedingCourt of Appeals of Kentucky · 1901
- Kidd v. RoundtreeCourt of Appeals of Kentucky (pre-1976) · 1941
- Inter-Southern Life Insurance v. Hughes' CommitteeCourt of Appeals of Kentucky (pre-1976) · 1928