Curd's Trustee v. Curd

173 S.W. 1148, 163 Ky. 472, 1915 Ky. LEXIS 253
CourtCourt of Appeals of Kentucky
DecidedMarch 11, 1915
StatusPublished
Cited by3 cases

This text of 173 S.W. 1148 (Curd's Trustee v. Curd) is published on Counsel Stack Legal Research, covering Court of Appeals of Kentucky primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Curd's Trustee v. Curd, 173 S.W. 1148, 163 Ky. 472, 1915 Ky. LEXIS 253 (Ky. Ct. App. 1915).

Opinion

Opinion of the Court by

Chief Justice Miller

Affirming.

This action was brought by the children and grandchildren of Mary C. Curd for a construction of .the will of their grandfather, Eichard W. Courts, deceased.

Mr. Courts made his will in 1861, and to this will he added a codicil in 1871. He died in Eussellville, Ky., the place of his domicile, in 1874; and, on September 26th, 1874, his will was duly admitted to probate by the Logan-County Court. He left a large estate, consisting almost entirely of personalty.

Eichard W. Courts was survived by his widow, Emily A. Courts, by four sons, and by Mary C. Curd and Fannie E. Morton, his two daughters, all of said children being adults at the time of the death of the testator.

The first and second clauses of the will are unimportant here. By the third clause the testator gave his entire estate to his widow, Emily A. Courts, so long as she should remain unmarried; the remainder, and its increase, after the widow’s death or marriage, to be disposed of as the law directs, making each child as nearly equal as possible.

The fourth clause, which we are called upon to construe, reads as follows:

“If my wife wishes to make advance to any of my children she may do so, by the advice and written consent -, and if any such advance be made to either of my two daughters, it is my will that said [474]*474advance be placed in tbe hands of a trustee (who is to be selected by my son Henry) and by said trustee vested in some good securities or stock as him and my son Henry may agree on, and the interest arising 'therefrom (after paying expenses) be paid over to my daughter, or each of them, for their own use, as collected, but to be in no way subject to the control or debts of the husband of either; and at the death of wife, all the interest of my said daughters is to pass into the hands of said trustee as stated above, for the benefit of my two daughters, each separate, and their children after'them, and should either or both of my daughters die without a child or children living, or should such child or children be living but all (of either daughter) die without issue, then in either case, said trustee will return that original share, together with any unexpended interest to my estate for division among my' other children or their descendants (if any be dec’d) as the original estate.”

It will be readily, seen that the will bears unmistakable internal evidence of having been written by the testator, or by some draftsman other than a skillful lawyer.

At the time the will was written in June, 1861, the testator’s daughter, Mary C. Curd, was in being, but none of her children had then been born. When Mr. Courts died in 1874, his daughter, Mrs. Curd, had four living children. One of her children, the appellee, Mrs. M. Genevieve Brown, was born in 1878, about four years after the death of her grandfather Courts.

One of the daughters of Mrs. Curd married D. B. Clarke, and died in 1895, leaving two children, the appellees, Presley K. Clarke and Angeline Clarke Russell, both of whom were born many years after the death of their grandfather Courts.

The testator’s widow, Emily, died in 1885. No administration was granted upon the estate of the testator until after the death of his widow; when, on December 1st, 1885, the appellant, the Fidelity & Columbia Trust Company (then known as the Fidelity Trust & Safety Vault Company), of Louisville, was appointed administrator with the will annexed of the estate of Richard W. Courts. On the same day the appellant was appointed administrator of the estate of the widow,Emily A. Courts, both appointments having been made by the Logan County Court.

[475]*475At the January term, 1886, of the Logan Circuit Court, W. F. Barclay, who had theretofore acted as trustee for the testator’s two daughters, Mary C. Curd and Fannie E. Morton, resigned as such trustee ; whereupon the appellant (then known as the Fidelity Trust & Safety Vault Company) was appointed trustee in the place of Barclay. The appellant qualified and has administered the trust from that date up' to the present time, in strict accordance with the terms of the will and the requirements of law.

Mary C. Curd died on March 7th, 1914, and shortly thereafter the appellees, who are her children and grandchildren, applied to the appellant trust company for a settlement of the estate which it had been administering for 28 years, and demanded that the trustee deliver to them, as the children of the beneficiary, Mary C. Curd, the trust fund then held by it, and a deed conveying to them jointly a certain specified piece of real estate in Bowling G-reen, which the trustee held as a part of the trust estate.

In view of the unusual and uncertain provisions of the fourth clause of the will, the .trustee entertained serious doubts as to its duty in the premises; and, while not refusing to pay over the trust fund to the children and grandchildren of Mrs. Curd, it suggested to the appellees that they bring this friendly suit for a construction of the .will for the protection of all parties concerned. This suit was accordingly filed, the petition and the answer setting up the facts as above narrated. Upon a hearing of the case, the chancellor held that upon the death of Mary C. Curd her children and grandchildren became entitled to the trust estate, and directed the trustee to turn over the personalty to them, and to make a deed conveying to them the legal title of the house and lot in Bowling G-reen.

From that judgment the trustee prosecutes this appeal, for the purpose of finally determining its rights and duties under the will.

It is claimed by counsel for the appellees that the fourth clause of the will created a perpetuity in violation of Section 2360 of the Kentucky Statutes, which reads as follows:

“The absolute power of alienation shall not be suspended, by any limitation or condition whatever, for a longer period than during the continuance of a life or [476]*476lives in being at the creation of the estate, and twenty-one years and ten months thereafter.”

It will be remembered that by the third clause of the will the testator directed that upon the death or marriage of his widow, his estate should be disposed of under the statutes of descent and distribution of Kentucky; but that by the fourth clause of the will he excepted from the operation of this bequest all that part of his estate which would otherwise have passed absolutely to his two daughters, Mary O. Curd and Fannie E. Morton.

He not only undertook to create, and did create, a trust as to the shares of these two daughters, giving to each of them one-fifth of his estate, to be held in trust for their exclusive use and benefit, but by the fourth clause of his will, the testator provided that all the property acquired by his daughter, Mary C. Curd, under his will should, upon her death, pass to her children, unless she should die without a living child or children, and in the further event said daughter should leave living a child or children and such child or children should all die without issue, said share should be returned to Ms estate for distribution among his other children, or their descendants. The time at which the estate was to finally vest in the great-grandchildren of the testator was thus deferred until the death of all the testator’s grandchildren.

But at the time of the death of Mary C.

Free access — add to your briefcase to read the full text and ask questions with AI

Related

Robertson v. Simmons
322 S.W.2d 476 (Court of Appeals of Kentucky (pre-1976), 1959)
Maher v. Maher
139 F. Supp. 294 (E.D. Kentucky, 1956)
Chenoweth v. Bullitt
6 S.W.2d 1061 (Court of Appeals of Kentucky (pre-1976), 1928)

Cite This Page — Counsel Stack

Bluebook (online)
173 S.W. 1148, 163 Ky. 472, 1915 Ky. LEXIS 253, Counsel Stack Legal Research, https://law.counselstack.com/opinion/curds-trustee-v-curd-kyctapp-1915.