52 Ind. App. 250 | Ind. Ct. App. | 1913
The court in Taber v. Zehner, supra, says: “It is elementary that no particular form of words is necessary in order to create a trust, so that each, case usually depends upon its own facts and circumstances from which the intention of the parties to create a trust is to be determined.”
In Stanley’s Estate v. Pence, supra, the facts alleged, briefly stated, were that Stanley received certain sums of money during the lifetime of his wife, in trust for her children by a former marriage. Stanley kept the money and managed it during his lifetime, and at his death a claim was filed against his estate for the amount of money. The court held under the facts that “the trust so created was a direct and continuing one, not cognizable at law, but exclusively within the jurisdiction of equity.”
Judgment affirmed.
Note. — Reported in 100 N. E. 478. See, also, under (1) 3 Cyc. 388; (5) 39 Cyc. 51. As to waiver of appeal or riglit of review, see 13 Am. Dec. 546.