Carpenter v. Lothringer

275 N.W. 98, 224 Iowa 439
CourtSupreme Court of Iowa
DecidedSeptember 28, 1937
DocketNo. 43678.
StatusPublished
Cited by21 cases

This text of 275 N.W. 98 (Carpenter v. Lothringer) is published on Counsel Stack Legal Research, covering Supreme Court of Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Carpenter v. Lothringer, 275 N.W. 98, 224 Iowa 439 (iowa 1937).

Opinion

Kintzinger, J.

William F. Winecke died in January, 1927, leaving a last will and testament which was duly admitted to probate.

Ada B. Winecke, his widow, died in September, 1932, leaving a last will and testament which was duly admitted to probate.

*441 The will of William F. Winecke provides in substance as. follows:

In Item I be directs the payment of his just debts and funeral expenses.

In Item II he names the executors of his estate.

In Item III he gives to the Union Savings Bank & Trust Company, as trustee, “all the rest, residue and remainder of his estate * * * to have and to hold # * * absolutely and forever, subject to the following limitations and conditions”:

“1. In case my beloved wife, Ada B. Winecke^ survives me, I give her the right to receive from my said Trustee all the net income of my said estate for and during the term of her natural life, and I further give and grcmt unto my said wife full power to dispose of any and all property belonging to me at the time of my death, and her reguest or order shall be all the authority necessary for my Executors or Trustee to receive in disposing of all or any part of my estate. (Italics ours.)

‘ ‘ 2. After the death of my said wife, if she should not have otherwise disposed of my estate, or in case she should not survive me, I direct my said Trustee to set aside the sum of Seventy-five Thousand ($75,000.00) Dollars in a Trust Fund separate and apart from my estate, and the income of such Trust Fund I give and devise to my wife’s nephew, George J. Carpenter, for * # * the term of his natural life, * * *.”

In the same paragraph he' makes specific provision for the disposition of said $75,000 trust fund after the death of said George J. Carpenter.

In paragraph 3 of Item III he provides that, “after the death of my said wife, if she should not have otherwise disposed of my estate,” the income of a $40,000 trust fund be paid to Mrs. Clara Z. Baker, during her life, and at her death such trust fund be merged with the remainder of his estate.

In paragraph 4 of Item III, “after the death of my said wife, if she should not have otherwise disposed of my estate,” he gives the income from a trust fund of $40,000 to Helena Becker during her life. This paragraph also provides for a disposition of the remainder of said trust fund after the death of said Helena Becker.

In paragraph 5 of Item III, “after the death of my said *442 -wife, if she should not have otherwise disposed of my estate,” he gives the sum of $1,000 each to five other relatives, and if they die without issue, their shares to go to their survivors.

In paragraph 6 of Item III, “after the death of my said wife, if she should not have otherwise disposed of my estate, ’ ’ he gives the sum of $1,000 each to three other relatives, with remainder to their survivors.

In paragraph 7 of Item III, “after the death of my said wife, if she should not have otherwise disposed of my estate, ’ ’ he gives an endowment fund of $20,000 to the Unitarian Church of Davenport for certain purposes.

In paragraph 8 of Item III, “after the death of my said wife, if she should not have otherwise disposed of my estate, ’ ’ he gives two bequests of $500 each to the Oakdale Cemetery Association of Davenport for perpetual care and flowers for two cemetery lots. In paragraph 9 of Item III, ‘ ‘ after the death of my said wife, if she should not have otherwise disposed of my estate, ’ ’ he gives the sum of $2,000 each to the following organizations of Davenport, Iowa: (a) The Lend-A-Hand Club; (b) the Friendly House; (c) the Salvation Army; (d) the Ladies Industrial Relief Society; (e) the Visiting Nurses Association; (f) the Clarissa C. Cook’s Home for the Friendless; and (g) to the Masonic Society of Davenport $5,000 as a trust fund for certain purposes.

In paragraph 10 of Item III, he provides that£ ‘ all the rest, residue and remainder of my estate remaining at the death of the last of the life tenants mentioned in this, my will, shall be divided by my trustee pro rata among the beneficiaries named in subdivision ‘ 9 ’ of this Item # * * of * * * my will in the proportion that the amount devised by me to each of such beneficiaries bears to the total amount remaining in the hands of my said trustee at the death of the last of the life tenants mentioned in this my will. ’ ’

In Item IV he provides as follows:

“As hereinbefore stated it is my Will that the Union Savings Bank & Trust Company of Davenport, Iowa, shall act as Trustee in all of the Trusts created under this Will, except as otherwise provided, and I hereby give and grant unto and confer upon my said Trustee full, ample and complete right, power and authority to grant, bargain, sell and convey and to convert *443 into cash, at either public or private sale, and without appraisement, all stocks, bonds and all property I may own at the time of my demise, be the same real, personal or mixed, in accordance with its judgment and discretion, including all real estate where-ever the same may be situated, without any application to and without the approval or confirmation by the probate Court having jurisdiction of my estate, intending that my said Trustee shall have the same right, power and authority in the premises as I myself have while living; and to manage and control the ' proceeds received for all such property, and to invest and reinvest any or all of the proceeds of any of my property in like manner, without any application to and without the approval or confirmation of the Probate Court; ® * *. ’ ’

(Signed) “this 20th day of October, A. D. 1926.”

The will of Ada B. Winecke provides substantially as follows:

In paragraph I she directs payment of all her just debts and funeral expenses.

In paragraph II she provides that:

‘ ‘ The devises and bequests made in this will are intended to and shall include all my property and all property which I have or shall have the right to dispose of by will or otherwise and all property in respect to and over which I have the power of appointment. ’ ’

Paragraph III, as changed by codicil, provides as follows:

‘11 give and bequeath unto the executor of this will the sum of * * * $60,000 which it shall, before the expiration of the period of administration upon my estate, pay unto the persons and in the amounts indicated and directed by me in writing, witnessed by two persons, which writing may be changed and successively changed by me. The receipt of my executor for said amount, filed with the clerk of the court having jurisdiction of my estate shall be sufficient accounting therefor, without a statement of the disbursement thereof and without receipt from the ultimate beneficiaries. In the event that the entire sum of Sixty Thousand Dollars shall not be required for the payment of the amounts so directed by me, the remainder which may be returned by my executor, shall become a part of my residuary estate. ’ ’

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Bluebook (online)
275 N.W. 98, 224 Iowa 439, Counsel Stack Legal Research, https://law.counselstack.com/opinion/carpenter-v-lothringer-iowa-1937.