Guaranty Trust Co. v. Mackey

These are two actions involving, respectively, two separate inter vivos trusts for the benefit of Veronica B. A. Mackey and remaindermen, one created by her father Edward Goodrich Acheson by an agreement dated July 10, 1928, and the other created by her mother Margaret Maher Acheson dated December 19, 1935. Guaranty Trust Company of New York, the plaintiff herein, was named as trustee in both trust instruments. Paragraph 3 of the trust agreement of July 10, 1928, and paragraph 4 of the trust agreement of December 19, 1935, are of like import and deal with the power of the beneficiary (the…