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FIRST NAT. BANK IN ORD v. SCHROEDER

No. 84-904.

383 N.W.2d 755 (1986)

222 Neb. 330

FIRST NATIONAL BANK IN ORD, Nebraska, Appellee and Cross-Appellant, v. J.H. SCHROEDER, Individually, and J.H. Schroeder Family Trust, Appellants and Cross-Appellees.

Supreme Court of Nebraska.

March 28, 1986.

Attorney(s) appearing for the Case

Curtis A. Sikyta, Ord, for appellants and cross-appellees.

Robert E. Wheeler, Ord, for appellee and cross-appellant.

KRIVOSHA, C.J., and BOSLAUGH, WHITE, HASTINGS, CAPORALE, SHANAHAN, and GRANT, JJ.

HASTINGS, Justice.

J.H. Schroeder and the J.H. Schroeder Family Trust appeal the judgment of the district court which, in response to plaintiff's petition in the nature of a creditor's bill, decreed that the defendant trust was null and void.

In March of 1978 J.H. Schroeder transferred substantially all of his assets to the J.H. Schroeder Family Trust (hereinafter trust), which he created. In exchange for the property, Schroeder received a certificate of beneficial...

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