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PEEK v. SIMMONS FIRST NATIONAL BANK

No. 91-347.

832 S.W.2d 458 (1992)

309 Ark. 294

Peggie Payne PEEK, Appellant, v. SIMMONS FIRST NATIONAL BANK, as Successor Trustee of the Testamentary Trust Under the Will of W.I. Payne, Appellee.

Supreme Court of Arkansas.

May 11, 1992.

Attorney(s) appearing for the Case

John Harris Jones, Pine Bluff, for appellant.

Phillip A. Raley, Pine Bluff, for appellee.

DUDLEY, Justice.

The will of W.I. Payne was probated in 1942, and, upon discharge in probate, the assets of the estate were transferred to a testamentary trust that, ever since, has been in administration. Under the terms of the trust, the assets are now to be distributed to the beneficiaries. The successor trustee, appellee Simmons First National Bank, proposed a plan of distribution to which one of the beneficiaries, appellant Peggie Payne Peek, objected. The chancery...

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