Logan v. Ryan

Holding

The court held that a grantee who accepts an absolute deed to real property pursuant to an oral promise to later convey it to third-party beneficiaries holds that property under a constructive trust, enforceable upon his failure to perform. It further held that the creation of a joint bank account and the transfer of jewelry with instructions for posthumous distribution established a valid voluntary trust over personal property, not a mere agency or an imperfect gift *causa mortis*.