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ESTATE OF SCHRAMM

Docket No. 19253.

115 Cal.App.2d 55 (1952)

251 P.2d 418

ESTATE OF LILLIAN E. SCHRAMM, Deceased. FARMERS AND MERCHANTS NATIONAL BANK OF LOS ANGELES, Respondent, v. CLARENCE LIZDENNIS, Appellant.

Court of Appeals of California, Second District, Division Two.

December 23, 1952.

Attorney(s) appearing for the Case

Lester L. Lev for Appellant.

Sheppard, Mullin, Richter & Balthis, and Frank S. Balthis for Respondent.

MOORE, P.J.

By her last will and its codicils executed in 1951, Lillian E. Schramm created four trusts (A, B, C and D) with her favorite bank as a trustee. After her decease in February, 1952, the bank and Clarence Lizdennis, sole beneficiary under Trust D, were, according to the will, appointed cotrustees of that trust, and the bank as sole executor. Clarence was to receive the total net income of Trust D which was to terminate five years after distribution. At that...

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