McIver v. Salomonsky

By JUDGE MARVIN F. COLE

The evidence discloses that the defendant by instrument dated August 5, 1974, irrevocably as grantor established five separate inter vivos trusts, one each for the benefit of his infant children, naming himself as trustee under each separate trust. The testimony at the trial of this case disclosed that the defendant was in some financial difficulty and had obligated himself to pay large sums of money in his business and enterprises, and he decided that he would like to provide for the education of his children. In order to protect himself against his creditors and to…