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SHEASLEY TRUST

366 Pa. 316 (1951)

Sheasley Trust.

Supreme Court of Pennsylvania.

January 2, 1951.

Attorney(s) appearing for the Case

J.V. Frampton, with him John F. Budke, John L. Cecil, and Frampton & Courtney, for appellant.

Robert M. Dale, with him H. Carl Wasson and Nesbit & Wasson, for appellees.

Before DREW, C.J., STERN, STEARNE, JONES, LADNER and CHIDSEY, JJ.

OPINION BY MR. JUSTICE HORACE STERN, January 2, 1951:

Jacob Sheasley was the owner of certain real estate in Franklin, Venango County. In 1918, for a stated consideration of $20,100, he executed and delivered a deed for this, together with certain personal property, to his sons Charles H. Sheasley and Jacob J. Sheasley. Contemporaneously therewith the grantees executed a Declaration of Trust in which, after reciting their father's deed to them, they acknowledged and...

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