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GRAY v. BUSH

No. 16921.

430 S.W.2d 258 (1968)

Letitia P. GRAY, Individually and as Next Friend for Michael Wynn Gray, et al., Appellant, v. Ann Zachry Gray BUSH, Individually and as Independent Executrix of the Estate of Billy N. Gray, Dec., et al., Appellee.

Court of Civil Appeals of Texas, Fort Worth.

Rehearing Denied July 19, 1968.

Attorney(s) appearing for the Case

Davis, Callaway & Marshall, and Clyde M. Marshall, Jr., Fort Worth, for appellant.

McDonald, Sanders, Wynn, Ginsburg, Phillips & Maddox, and Stanford Harrell, Fort Worth, for appellees, Ann Zachry Gray Bush, Individually and as independent executrix of the Estate of Billy N. Gray, deceased, and others and Peter Neil Gray.

Stone, Tilley, Parker, Snakard, Law & Brown, and Lawton G. Gambill, Fort Worth, for appellees, The Fort Worth National Bank, trustee of the Billy N. Gray Trust.

Dean Spurlock, Fort Worth, guardian ad litem for minor appellants.

OPINION

MASSEY, Justice.

Dr. Billy N. Gray died on July 27, 1964. On January 20, 1964, the deceased had executed a revocable trust of the proceeds of two insurance policies in the Southwestern Life Insurance Company, hereinafter referred to as Policy A in the amount of $75,000.00, and Policy B in the amount of $25,000.00. The beneficiaries of the trust were the three children of the decedent, Peter, Michael, and Robin.

On date of his death Billy...

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