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HUGH v. AMALGAMATED TRUST AND SAV. BANK

No. 1-91-0054.

602 N.E.2d 33 (1992)

235 Ill. App.3d 268

176 Ill.Dec. 726

Pauline Wong HUGH, an individual and Herman Wong, not individually but solely as Trustee of the Wong Grandchildren Trust, Plaintiffs-Appellants, v. AMALGAMATED TRUST AND SAVINGS BANK, a Federal Savings Bank, as Trustee under Trust Agreement dated July 3,1972, and known as Trust No. 2328, Amalgamated Trust and Savings Bank, a Federal Savings Bank, and First National Bank of Chicago, a National Banking Institute, and Chester Sum Wong, an individual, Defendants-Appellees.

Appellate Court of Illinois, First District, Second Division.

September 8, 1992.

Attorney(s) appearing for the Case

Stone, Pogrund, Korey & Spagat, Chicago (Martin S. Korey, Lawrence J. Stark, of counsel), for plaintiffs-appellants.

Schuyler, Roche & Zwirner, P.C., Chicago (James D. Adducci, Richard S. Weinberg, Jeffrey E. Schiller, of counsel), for defendant-appellee Chester Sum Wong.

Justice SCARIANO delivered the opinion of the court:

On June 3, 1972, defendant Chester Sum Wong (Chester), father of plaintiffs Pauline Wong Hugh (Pauline) and Herman Wong (Herman), entered into an Illinois land trust agreement with Amalgamated Trust and Savings Bank (Amalgamated) whereby Amalgamated became Trustee as to five separate parcels of real property. The rental income from these properties was deposited in four bank accounts, one at The First National Bank...

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