Corey v. Corey

139 N.W. 509, 120 Minn. 304, 1913 Minn. LEXIS 664
CourtSupreme Court of Minnesota
DecidedJanuary 17, 1913
DocketNos. 17,870—(130)
StatusPublished
Cited by15 cases

This text of 139 N.W. 509 (Corey v. Corey) is published on Counsel Stack Legal Research, covering Supreme Court of Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Corey v. Corey, 139 N.W. 509, 120 Minn. 304, 1913 Minn. LEXIS 664 (Mich. 1913).

Opinion

Philip E. Brown, J.

Application under R. L. 1905, § 3709, to remove an executor for unsuitableness and for failure to file an inventory. The probate and district courts denied relief, and from the judgment of the latter declaring such determination the petitioner appealed.

The following are the facts:

H. A. Corey and the petitioner intermarried in 1885, and lived together as husband and wife until his death, which occurred in 1911. He died testate, leaving as his heirs his widow, four children, all of whom are the petitioner’s stepchildren and all are nonresidents of this state, except Clark G. Corey, and also two grandchildren.

[306]*306The will was probated in Winona county, and the court appointed the son Clark executor. He has so conducted the affairs of the estate, that distribution might be-made, were it not for the disposition by the deceased in Ms lifetime of a portion of bis property under a trust-deed and certain donations, to both of which transactions we will next refer, and also the pendency of this application. The widow elected not to take under the will. On April 22, 1905, Mr. Corey and one Wold executed an instrument whereby, for the stated consideration of one dollar and trust and confidence reposed, the former attempted to assign, grant, bargain, and convey unto the latter and bis successors in trust choses in action and loans amounting to-$22,600, including notes aggregating $2,000- executed to him by bis. son Clark, in trust for the following uses and purposes, and none-other:'

1. To take possession of the choses in action and loans, and to-collect the principal and interest thereon, and annually pay the interest to the deceased and to reinvest the principal in real estate securities.

2. Upon the death of H. A. Corey, or within such reasonable-time thereafter as might be, consideration being given to the condition of the loans, to pay the principal sum, together with any interest that might then have accumulated thereon, or, in the event that the principal and interest should not be due, then to assign the principal sums and accrued interest to bis four children, less expenses remaining unpaid, in the following proportions: To Clark G. Corey,. $5,100, and to each of the other children of the decedent $4,500 provided, however, that should Betsy Corey, the decedent’s wife,, not survive him, then the $4,000 payable to her conditionally in the-“Oliver contract and notes” [which were included in the trust instrument] should be paid to the children in equal parts.

3. As to certain notes and mortgages given by the son Clark G. Corey, also included in the trust agreement, the trustee, or his successor, was directed to renew the same from time to time as they matured, and payment to Clark of the amount assigned by the present, instrument for his benefit was to be made by indorsement on his [307]*307notes and mortgages aforesaid, satisfying the same to that extent of record.

4. In the event of the death of any of the children, leaving them surviving living issue, the sum payable to them under the trust was to be paid to such issue; but in the event of any of the children dying without leaving surviving living issue, then the sum directed to be paid to such child was to be distributed equally among the survivors of the other children.

5. Upon the death of H. A. Corey, all expenses incident to the trust, then remaining unpaid, were first to be deducted, and the balance of the estate was to be paid to the children pro rata as directed in the trust agreement.

The trustee accepted the trust and promised and agreed to carry out the provisions thereof faithfully and to the best of his ability.

Wold received from Mr. Corey the choses in action and loans mentioned in the trust instrument, managed the same during the remainder of Corey’s life, paid over to him while he lived the net income therefrom, and after his death paid over the principal, with accrued interest, to the ultimate beneficiaries named in the trust instrument in the prescribed proportions or amounts. The property so distributed is still retained by the respective recipients thereof; and the executor refuses to inventory the portion received by him, or to account therefor as a part of the estate of the deceased, or to take, for the benefit of the estate or any person interested therein, any steps or proceedings, at law or otherwise, to recover from any of the beneficiaries and recipients any part of the property transferred to them under the instrument.

It appears, furthermore, that in December, 1910, and January, 1911, Corey transferred and assigned directly to the same children, including C. GL Corey, the executor, notes, mortgages, and other securities amounting to the sum of over $5,000, and surrendered up to him and canceled, without consideration, certain promissory notes to the amount of $1,400, which he had theretofore, upon good consideration, executed to the father.

It does not appear that any of the decedent’s heirs, excepting the [308]*308petitioner, either demands or desires any action to be taken to obtain restoration to the estate of any of the property transferred as above mentioned. There are no creditors whose claims require such restoration, nor is the same necessary for the payment of the expenses of administration or for the payment of any legacy bequeathed by the will; and the petitioner’s application is made purely in her own interest, and not for the general benefit of the estate, for the purpose of increasing the share of the estate which may come to her by reason of her renunciation of the will, and her demand for the removal of the present executor is to subserve that purpose, and, if granted, will effect no benefit to any other person interested in the estate.

The foregoing constitutes the substance of the court’s findings of fact, which are unchallenged. In addition thereto, it appeared that the estate of the deceased inventories, including the widow’s allowances, less than $10,000.

The district court denied the application of the petitioner on the sole ground that she had the right to institute and prosecute an action in her own name to test the validity of the trust and donations, and for the reason that, as such action, if successful, would redound to her advantage alone, it was but fair and equitable that she individually should meet and defray the necessary expenses thereof. The court was of the opinion, however, as indicated by its memorandum, that if the petitioner was entitled to have an action brought by a representative of the estate to test the validity of the trust and the gifts in question, then this executor would be an unsuitable plaintiff to prosecute an action either against himself or his brothers or sisters. Counsel for the respondent frankly so conceded on the oral argument, and to this we agree.

1. The respondent contends that the trust agreement and the donations assailed by the petitioner were both valid and unassailable in this proceeding or any other, and that in any event no showing was made below of their invalidity. The lower court was of the opinion that such questions were not material in this proceeding, and neither was adjudicated below. But the question nevertheless arises, where an action must be brought or alleged rights abandoned, as to what [309]

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Cite This Page — Counsel Stack

Bluebook (online)
139 N.W. 509, 120 Minn. 304, 1913 Minn. LEXIS 664, Counsel Stack Legal Research, https://law.counselstack.com/opinion/corey-v-corey-minn-1913.