First Nat. Bank & Trust Co. of Lexington v. Purcell

WADDILL, Commissioner.

This is an action by the administrator of the estate of J. D. Purcell, seeking a declaration of rights and a construction of the will of the decedent. The parties to the suit include the devisees under the will, the beneficiaries under certain insurance policies and other interested parties.

The solution of the legal problems in this case depends primarily upon the interpretation of three documents executed on six insurance policies procured by Purcell in the name of some of his children and grandchildren.

In 1937, Purcell was issued six 20-year endowment policies by the…