How have courts dealt with an alleged oral trust of the proceeds of an insurance policy?
California, United States of America
The following excerpt is from Anderson's Estate, In re, 236 Cal.App.2d 214, 45 Cal.Rptr. 852 (Cal. App. 1965):
In Fahrney v. Wilson (1960) 180 Cal.App.2d 694, 4 Cal.Rptr. 670, the court dealt with an alleged oral trust of the proceeds of an insurance policy. The chief problem in the case was the sufficiency of the evidence to sustain a finding that the insured had created a trust on the terms alleged. Before turning to that problem, the court (at pages 696-697, 4 Cal.Rptr. at pages 672-673) said, of the alleged trust:
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