Home > Journals > Michigan Law Review > MLR > Volume 33 > Issue 8 (1935)
Abstract
X, feme sole, in good faith transferred personalty to appellant in trust to pay the income therefrom to her for life and to transfer the principal and income to such persons as she might by will appoint, and in default of appointment then to her issue and if no issue survive her and the power be not exercised then to her next of kin. Subsequent creditors of X brought suit during her lifetime to compel payment out of the trust corpus. Held, the corpus was not subject to claims of subsequent creditors. Mercantile Trust Go. v. Bergdorf & Goodman Co., (Md. 1934) 173 Atl. 31.
Recommended Citation
TRUSTS--RESERVED POWERS OF APPOINTMENT-CREDITOR'S RIGHTS,
33
Mich. L. Rev.
1291
(1935).
Available at:
https://repository.law.umich.edu/mlr/vol33/iss8/33