Bakewell v. Mercantile Trust Co.

308 S.W.2d 341, 1957 Mo. App. LEXIS 500
CourtMissouri Court of Appeals
DecidedDecember 19, 1957
DocketNo. 29722
StatusPublished
Cited by3 cases

This text of 308 S.W.2d 341 (Bakewell v. Mercantile Trust Co.) is published on Counsel Stack Legal Research, covering Missouri Court of Appeals primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Bakewell v. Mercantile Trust Co., 308 S.W.2d 341, 1957 Mo. App. LEXIS 500 (Mo. Ct. App. 1957).

Opinion

MATTHES, Judge.

This case comes to the writer on reassignment.

This is a declaratory judgment action to construe the will of John Scullin, particularly the third paragraph of Item II thereof, which provides for the appointment of a successor-trustee in the following language:

“In the event of the death of my son, or of the said Gilbert, or of the inability of them or either of them to act, or in the event of the retirement from business of the Mercantile Trust Company, or the removal of any of said trustees, then a successor or successors shall be appointed and such successor or successors shall have the same powers and authority that the original trustees have, and shall be charged with the same duties. If all of the adults then receiving income hereunder at the time of the appointment agree upon a successor, then they may make such appointment, by the execution of an instrument to that effect duly acknowledged and lodged with [344]*344the survivor or survivors, but if they cannot so agree, then the appointment shall be made by the court in due course.” (Italics supplied.)

Construction of the will is necessary to determine whether Paul Bakewell, Jr., was validly and effectively appointed as co-trustee to serve with Mercantile Trust Company and Thomas C. Hennings, the other co-trustees. The trial court decreed that the appointment was invalid because Rose De’Gheest did not participate in the selection of Bakewell. From the judgment the plaintiffs and concurring defendants appealed to the Supreme Court. On motion of appellant Bakewell, opposed by the other appellants, that court transferred the cause to this court.

John Scullin died May 28, 1920. By his will all of his property was left in trust, to be held by his son Harry Scullin, Charles L. Gilbert and Mercantile Trust Company of St. Louis, Missouri, as trustees and by their successors in trust. The will provides that the trust shall continue during the lives of the survivor of all the surviving children of the testator, including Stella Wade Scullin, widow of Charles Scullin, a deceased son, and certain grandchildren and great-grandchildren then living, and for twenty-one years thereafter.

The will deals at length with directions to the trustees as to division and distribution of the income derived from the corpus of the trust. Out of the net income, the trustees were directed to pay a stipulated amount to one brother, and such amount as the trustees deemed sufficient to provide for the support of another brother and a sister, and to enable them to maintain a farm, not to exceed $300 per month. The trustees were required to distribute the rest and residue of the net income as follows: one-fourth to each of testator’s children, Harry Scullin, May Eunice De’Gheest, and Lenore Madeline Clark, and to his daughter-in-law, Stella Wade Scullin, so long as each of them lived. The will directed that each “shall receive monthly One Thousand Dollars ($1,000.00) on account of his or her share of income, and the excess to which they shall be entitled shall be ascertained at the end of each calendar year * * * and shall be paid to them.” If the income of each part or share is less than $1,000 per month the trustees are authorized to encroach on the corpus to make up the deficiency. By paragraph (d) of Item II the testator provided that after the death of his son Harry the income shall be distributed by the trustees in six equal shares — one part to May Eunice De’Gheest or those succeeding to her interest; one part to Lenore Madeline Clark or upon her death to her daughter Mary Denman Clark and such other children as may be born to Lenore, or those succeeding to their interest; one part to Stella Wade Scullin and upon her death to her daughter Mary Lenore Scullin or those succeeding to her interest; one part to Harry’s wife Julia so long as she lived; one part to each of Harry’s daughters May and Eugenia. In this same clause provision was made that each part or share shall be at least $1,000 per month, payable monthly, and if the income was insufficient to permit payment of $1,000 monthly the deficiency shall be made up out of the corpus, but this provision for encroachment was to terminate after the death of Harry and his wife Julia and children May and Eugenia; of May Eunice De’Gheest; of Lenore Madeline Clark and her daughter Mary Lenore Scullin. Paragraphs (g) through (k) of Item II of the will specified who shall be the beneficiaries of the income upon the death of the primary beneficiaries therein named, except as to May Eunice De’Gheest’s share of the income which the testator dealt with in paragraph (1) as follows:

“(1) Upon the death of my daughter May Eunice De’Gheest the part of the income which would have gone to her if living, shall be distributed by the trustees as follows: the trustees shall, during the life of the trust, have the power of appointment as to said share and shall distribute the same as they [345]*345may deem proper, 1st, either to my said daughter’s husband Charles De’Gheest if living or to her son Harry De’Gheest if living or to Harry De’Gheest’s descendants, or any of them, or 2nd, to my son Harry Scullin if living or if he he dead, to his wife and children or their descendants, and to my daughter Lenore Madeline Clark if living, or if she be dead, to her children or their descendants, and to my daughter-in-law Stella Wade Scullin if living, or if she be dead, to her daughter Mary Lenore Scullin or her descendants, until the termination of the trust. It shall be entirely optional with the said trustees to give as much or as little of the said part or share of income to May Eunice De’Gheest’s husband or son or son’s descendants, or any of them, as the trustees may deem proper, or they may distribute the whole or any part between them as the trustees may deem proper. Such power of appointment shall continue to exist from time to time until the end of the trust period, and the trustees may give to them, said May Eunice De’Gheest’s husband or son or son’s descendants, or any of them, the whole of such part or share of income or any portion thereof at any time or times, and thereafter discontinue the making of payments to them, or thereafter again resume the making of payments to them, as the trustees in their discretion may deem best. All income of the said part or share which the trustees from time to time do not see fit to give to May Eunice De’-Gheest’s husband or son or son’s descendants shall be given by the trustees to my son Harry if living, or if he be dead, to his wife and children or their descendants, and my daughter Lenore Madeline Clark if living, or if she be dead, to her children or their descendants, and to my daughter-in-law Stella Wade Scullin if living, or if she be dead, to her daughter Mary Lenore Scullin or her descendants, in equal parts as provided in clauses (c) and (d) until the termination of the trust.”

By paragraph 7 of Item II the testator directed that “The bequest of income in each of the following clauses shall be subject to the conditions mentioned in clause (O) hereinafter contained.” (O) constitutes what is commonly referred to as a spendthrift clause, and provides that:

“(O) No person who takes any part of the income under this trust shall have any power or authority to sell, assign, pledge, transfer or dispose of such income or any part thereof, or to anticipate the same or any part of it, nor shall the same or any part of it be liable for his or her debts, nor shall the trustees have authority to recognize any transferee of any kind of interest in such income, * *

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Related

Oksner v. Jaco
646 S.W.2d 385 (Missouri Court of Appeals, 1983)
Lettice v. United States
237 F. Supp. 123 (S.D. California, 1964)
Bakewell v. Mercantile Trust Company
319 S.W.2d 600 (Supreme Court of Missouri, 1958)

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Bluebook (online)
308 S.W.2d 341, 1957 Mo. App. LEXIS 500, Counsel Stack Legal Research, https://law.counselstack.com/opinion/bakewell-v-mercantile-trust-co-moctapp-1957.