There is a legal dispute between Leotta Belle Gordon and the Portland Trust Bank regarding fifteen life insurance policies. Gordon argues that the trust agreement, which designates the bank as the beneficiary of the policies, was revoked by a will executed by Gordon. The lower court ruled in favor of the bank, but Gordon is now appealing. The dispute revolves around whether the trust agreement is a testamentary disposition or a non-testamentary disposition. The trust agreement allows Gordon to control the policies during his lifetime, and the bank is responsible for collecting and distributing the proceeds to Gordon's wife and daughters according to the terms of the agreement.

Gordon v. Portland Trust Bank (1954)
Oregon Supreme Court
201 Or. 648, 271 P.2d 653

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