First Nat. Bank of Birmingham v. Love

We concur in the opinion of Justice BOULDIN except in so far as it conflicts with what we here express.

Dr. Gewin, when in life, made an insurance trust embracing a large amount of life insurance. All of it was subject to one instrument defining the duties and powers of the trustee. The-duty was to pay all bank loans which he may owe at the time of his death and to hold the balance in trust for the use and benefit of his wife and children, share and share alike.

While there was no consideration in so far as the wife and children were concerned, there was consideration for the duty to pay bank…