Betchard v. Iverson

212 P.2d 783, 35 Wash. 2d 344, 1949 Wash. LEXIS 344
CourtWashington Supreme Court
DecidedDecember 22, 1949
DocketNo. 31103.
StatusPublished
Cited by15 cases

This text of 212 P.2d 783 (Betchard v. Iverson) is published on Counsel Stack Legal Research, covering Washington Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Betchard v. Iverson, 212 P.2d 783, 35 Wash. 2d 344, 1949 Wash. LEXIS 344 (Wash. 1949).

Opinions

Schwellenbach, J.

This is an appeal from an order of dismissal, after an order had been entered sustaining a de *346 murrer to plaintiff’s amended complaint, plaintiff having elected not to plead further.

Appellant is the second wife and widow of Frank Bet-chard, deceased, who died December 24, 1947, leaving surviving his widow, his daughter, Marie K. Iverson, age thirty-six years, and two grandsons, Norman Clyde Iverson and Jeffrey Betchard Iverson, age six and five years, respectively. Subsequent to his death; a granddaughter, Penny Christine Iverson, was born to his daughter on March 4, 1949.

By will the testator disposed of his separate property as follows:

“Fifth. All of the rest, residue and remainder of my estate, whether real, personal or mixed, wherever situated and whenever acquired, I give, devise and bequeath to Norman L. Iverson, in Trust, however, for the uses, purposes and persons hereinafter set forth: . . .
“(b) My trustee shall pay from the net income of my estate the sum of $350.00 per month to my wife, Grace Barbara Betchard, for the period of her natural life only, provided, that if my trustee from time to time does not receive sufficient net income from my estate to pay said sum of $350.00 per month to my wife, then my trustee may use any part of the principal of my estate to pay her said monthly payments.
“(c) All the remainder of the net income of my estate which shall be received by my trustee in excess of the sum of $350.00 per month which shall be paid to my wife as hereinabove provided during her lifetime, and all of the net income which shall be received from my estate after the death of my wife, shall be held by my trustee for the use and benefit of my grandchildren, Norman Clyde Iverson, Jeffrey Betchard Iverson, and any other child or children which may hereafter be born to my daughter, Marie K. Iverson, equally, that is to say, share and share alike, or to the survivor or survivors thereof. My trustee is authorized to hold, invest or reinvest any or all of the net income which I have hereby given to my said grandchildren, in any property, either real or personal which in his sole and absolute discretion is just and proper, or if in the sole and absolute discretion of my trustee, the net income of my estate which he shall acquire should be used for the care, maintenance, support or education of any of said grandchildren, he, my *347 said trustee, may use such grandchild’s share of said net income for said purpose.
“If in the discretion of my trustee, it is deemed advisable by him to use any of the net income of my estate for the care, support, maintenance and education of any of my said grandchildren during the time that he, she or they are minors, such grandchild’s share thereof may be paid direct by my said trustee to the legal guardian of such grandchild or to any school, college, university, or other institution which said grandchild might be attending for the room, board, lodging or tuition of such grandchild or if in the sole and absolute discretion of my trustee, such grandchild shall have attained an age when he, she or they are fully competent to handle their own money, then my trustee shall have the right, power and authority to pay such grandchild’s share of said net income direct to such grandchild.
“ (d) At the time when my grandchild, Norman Clyde Iverson, shall have attained the age of 25 years, and if in the sole and absolute discretion of my trustee said grandchild shall be possessed of qualities, knowledge and understanding whereby he may properly manage his property, then my said trustee shall divide my trust estate equally between my living grandchildren and may pay either in cash or in property, one-third of Norman Clyde Iverson’s share of my estate to him and when at the time said grandchild shall have attained the age of 35 years, my said trustee may likewise pay or deliver to him an additional one-third of his share of my estate, and when my said grandchild shall have attained the age of 40 years, my trustee shall then pay or deliver to him his entire share of my estate.
“ (e) At the time when my grandchild, Jeffrey Betchard Iverson, shall have attained the age of 25 years, and if in the sole and absolute discretion of my trustee said grandchild shall be possessed of qualities, knowledge and understanding whereby he may properly manage his property, then my said trustee may pay either in cash or in property, one-third of Jeffery Betchard Iverson’s share of my estate to him, and when at the time said grandchild shall have attained the age of 35 years, my said trustee may likewise pay or deliver to him an additional one-third of his share of my estate, and when my said grandchild shall have attained the age of 40 years, my trustee shall then pay or deliver to him his entire share of my estate.
“ (f) In the event any other child or children should be born to my daughter, Marie K. Iverson, during my lifetime, *348 then such child or children shall share equally in the net income and the principal of my estate with my grandchildren, Norman Clyde Iverson and Jeffrey Betchard Iverson, and such other grandchildren shall be entitled to receive or have granted to him, her or them, an equal amount of the net income of my estate as is paid or credited to the respective accounts of my said grandchildren, Norman Clyde Iverson and Jeffrey Betchard Iverson. Such additional grandchildren, however, shall be entitled to receive from my trustee his, her or their distributive share of the principal of my estate upon his, her or their attaining the age of 21 years.
“In the event any other children are born to my said daughter, Marie K. Iverson, after my death, he, she or they shall be entitled to receive an equal share of the net income and principal of my estate as I have hereinabove given to my said grandchildren, Norman Clyde Iverson, Jeffrey Betchard Iverson, and any other child or children who may be born to my said daughter prior to my death, but the distribution of the principal of my estate payable to any such child or children of my said daughter who shall be born to her after my death must be made by my trustee 21 years after the date of my death.”

It is the contention of appellant that the trust created by the will contravenes the rule against perpetuities for the reason that the gift is one to a class—testator’s grandchildren; that the class includes members born subsequent to testator’s death; but that there is no provision made for the vesting or enjoyment of the interest of any children born to Marie K. Iverson more than twenty-one years after the death of the testator.

The rule against perpetuities prohibits the creation of future estates which, by possibility, may not become vested within a life or lives in being at the time of the testator’s death and twenty-one years thereafter. Any limitation of a future interest which violates this rule is void. The purpose of the rule is to prevent the fettering of the marketability of property over long periods of time by indirect restraints upon its alienation.

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Cite This Page — Counsel Stack

Bluebook (online)
212 P.2d 783, 35 Wash. 2d 344, 1949 Wash. LEXIS 344, Counsel Stack Legal Research, https://law.counselstack.com/opinion/betchard-v-iverson-wash-1949.