In Re Estate Of Swiecicki

460 N.E.2d 91 (1984)

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Nature of the Case

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Facts

Bank invested its minor ward's money in two six month certificates of deposit with itself. During the times the money was not invested in these certificates it was placed in a passbook savings account at the Bank. Bank used this money to make commercial loans and made a profit on the estate's funds during its term as guardian. This suit was instituted to determine if the Bank must account to the estate for that profit. The lower court said no. This appeal resulted.