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Broadway National Bank v. Adams
Supreme Judicial Court of Massachusetts
133 Mass. 170 (1882)
Adams (defendant) was the beneficiary of a trust created by the will of his brother. The will directed that $75,000 be deposited into a trust with the interest to be paid to Adams, for his natural life. The will included provisions for the disbursement of the trust after Adams’s death. Broadway National Bank (plaintiff), to whom Adams owed money, sought repayment of the debt from funds in Adams’ trust.
Rule of Law
Holding and Reasoning (Morton, C.J.)
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