Myers's Estate

The facts appear from the opinion of

Van Dusen, J., Hearing Judge.

— Max Myers made a deed of trust on September 16, 1930, wherein his two brothers and the Bankers Trust Company were trustees, and the beneficiaries were to be “in accordance with the provisions as set forth in my last will and testament.”

The subject matter of the trust was six policies of insurance on his own life, totaling $22,021.20, of which the beneficiaries were the said trustees. The deed reserved the power to revoke it, and the right to receive dividends, surrender values and maturity values of the policies. The policies…