Boynton v. Brastow

53 Me. 362
Supreme Judicial Court of Maine·Decided July 1, 1865·Published·Cited by 3 cases

Opinion

Walton, J.

This is a bill in equity by a sister against her two brothers, in which she claims that they, as trustees under their father’s will, are unjustly withholding from her her interest in her father’s estate. The plaintiff’s husband is a nominal defendant, being one of the trustees under* the will; but his feelings as well as his testimony, are in favor of his wife; so that the controversy is between the sister and her two brothers. The plaintiff, Mrs. Boynton, and the defendants, Billings Brastow and Deodat Brastow, jr., are the only children of Deodat Brastow, senior., deceased.

[363] The father died in Angust, 1846. By his last will and testament he gave all his property, real and personal, to his two sons, and the husband of his daughter, in trust, for certain purposes therein expressed, the residue, after discharging certain other trusts, to be equally divided among his three children. The estate has been fully administered in the Probate Court, and the administration accounts closed. The plaintiff claims that there is a residuum in the hands of her two brothers, one third of which belongs to her. They deny that there is any such residuum in their hands.

During the administration the defendants sold the testator’s interest in real estate, and within a short time after, the whole of it was re-deeded to Deodat Brastow, one of the defendants. These sales wore for sums little more than nominal. No considerations in fact passed between the parties, the reconveyances being made in satisfaction of the sums agreed to be paid at the time of the first sales, neither more nor less. The plaintiff claims that these re-sales— the purchasing back of the testator’s interest — were for the benefit of all the children, and that the property was thenceforth held in trust for their joint benefit. This the two brothers deny. They say that the property was fairly sold, and that the re-sales were not for the benefit of all the children, but for the benefit of Deodat alone; and that he thencefoi’th held it, not in trust for himself and others, but for himself alone.

A careful examination of the case satisfies us that the plaintiff is right, that the conveyances to Deodat were in feet intended for the benefit of the plaintiff as well as her two brothers; or else they must have intended a fraud upon her, which a court of equity will not allow them to consummate.

We are satisfied that the property was sold, not for the largest, but for the smallest sums possible. There may not have been any express agreements to that effect,.— most likely there were not, — but it is impossible to believe that [364] the executors did not expect to be able to buy it back again for the benefit of the heirs, at the same price for which it sold. And it is equally difficult to believe that the purchasers did not expect to re-sell the same to the executors upon those terms. It does not appear that they paid, or offered to pay anything for their purchases; or that they were in any hurry for their deeds. One of the purchasers was the confidential friend of the brother who conducted the sales, and the other two purchasers were his legal advisers.

It is enough, however, for us to know that the property was re-deeded to one of the trustees for the same considerations for which it was sold, before his duties as trustee were ended. Equity will not permit a trustee thus to deal with the trust property, except for the benefit of the cestui que trust. Sound policy requires all the skill and efforts of a trustee to be used for the benefit of the cestui que trust; and to secure this end his private interest must not be allowed to come in conflict with his duty. If a trustee could be allowed to sell the trust estate, and then immediately to buy it back for his own benefit, his private interests would be in direct conflict with his duty. To enable him to buy cheap he must sell cheap. Instead of making known its good qualities, and its real value, and the true state of the title, he would be influenced to disparage the estate, by concealing, as far as he could, every thing which would enhance its value, and to avoid clearing up any clouds that might hang over the title.

But it is said in defence that this estate was hopelessly insolvent, — that there was absolutely nothing for the residuary clause in the will to operate upon, — and that if the property was sold and bought in for less than its value, the creditors and not the heirs, would be the only persons to complain. But this argument, however specious, is not sound. '

The testator seems to have supposed that he would leave to his children an estate worth seven thousand dollars, after paying all his just debts. But at the time of his death an [365] equity suit was pending against him, growing out of an old land trade, in which judgment was afterwards recovered against the estate for over six thousand dollars. This put a new face upon things, and thenceforth the estate seems to have been managed in a manner quite different from what wo may reasonably suppose it would have been, if the suit had terminated favorably to the estate.

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Boynton v. Brastow, 53 Me. 362 (Me. 1865).

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