Curtis v. Laughlin

124 S.W. 56, 146 Mo. App. 470, 1910 Mo. App. LEXIS 490
CourtMissouri Court of Appeals
DecidedJanuary 4, 1910
StatusPublished

This text of 124 S.W. 56 (Curtis v. Laughlin) is published on Counsel Stack Legal Research, covering Missouri Court of Appeals primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Curtis v. Laughlin, 124 S.W. 56, 146 Mo. App. 470, 1910 Mo. App. LEXIS 490 (Mo. Ct. App. 1910).

Opinion

GOODE, J.

At the April term, 1883, of the circuit court of the city of St. Louis, a decree of divorce was entered in favor of plaintiff Matilda Curtis, then Matilda Weyl, against her then husband, August Weyl, which decree, among other things, provided that to secure payment of alimony decreed in favor of Matilda Curtis (Weyl), said Augustus Weyl should convey to such trustee as she should denominate, improved real estate in the city of St. Louis, which would produce a monthly income of one hundred dollars a month, to be held by said trustee during her natural lifetime and at her death to vest in Kate Lucile Gould and Mary Field Weyl, children of the two parties, share and share alike. The person selected to act as trustee was defendant, and he continued to act from the time he was chosen in 1883, to the date of the filing of the present suit. Augustus Weyl and Laughlin owned certain residences on Lucas avenue in the city of St. Louis, the title to which stood [474]*474in Laughlin’s name, and at the request of said Weyl, Laughlin conveyed to Mrs. Ourtis, then Mrs. Weyl, a life estate in the premises covered by two of the houses, in order to comply with the decree for alimony, and afterwards he collected the rents and profits of these premises, and paid the same to her to March 9, 1892. On December 6, 1892, Matilda Ourtis, or Weyl, Augustus Weyl and Laughlin had a settlement of the trust and ascertained that to said date Laughlin had paid to Mrs. Ourtis $10,200, in monthly payments of $100 each, had paid certain special and general taxes on the premises in which she had a life estate and other expenses as trustee, so that the disbursements by him to said December 6th, exclusive of the money paid directly to Mrs. Weyl, were $5757.74. The parties also found the total receipts of Laughlin as trustee to said date amounted to $12,656.99, and his total disbursements $15,957.74, leaving a balance in his favor of $3300.75, in which amount Augustus Weyl was indebted to him. On July 28, Í893, the same three parties, Mrs. Curtis, Augustus Weyl and Laughlin, entered into a written agreement regarding the trust in which they recited the settlement had on December 6, 1892; found that since said date Laughlin had paid out $700 and was chargeable with $574 of receipts, leaving a balance in his favor which had accrued between December 6, 1892, and July 28, 1893, of $126, which Augustus Weyl owed him; also that Matilda Curtis owed him $150 for moneys advanced to her. The agreement recited a prior agreement of March 8, 1892, between Laughlin and Mrs. Curtis, pursuant to which she had quitclaimed to him all her right, title and interest in certain buildings on Lucas avenue. This interest consisted of the life estate which Laughlin had conveyed to her at the request of Augustus Weyl in lots owned by Weyl, the title to which stood in Laughlin’s name. The agreement of July 28, 1893, recited further that Mrs. Curtis consented to the sale of the premises in which she had quitclaimed a life [475]*475estate to LaugMin, “with a view to reinvesting the proceeds in other property in which she was to he given a life estate in lieu of the life estate quitclaimed; and on the 19th day of said month (March, 1892) they did, as an added feature of said contract, agree that in lieu of said interest in said property, said Laughlin should convey to her (Mrs. Curtis) a life estate in the premises immediately east of Nos. 2803, 2925, Lucas avenue, which contract was confirmed by said Augustus Weyl; the aggregate proceeds of the sale of said premises by said Laughlin, being $8000.” The agreement of July 28th, further recited that since March 19, 1892, Mrs. Curtis had changed her mind and preferred not to have conveyed to her an interest in the premises last described, but in lieu thereof that Laughlin should reinvest the sum of $8000 in other property, in which he should convey to her a life estate in lieu of her former life estate; wherefore it was agreed the indebtedness of Matilda Curtis to Laughlin was cancelled and obliterated; that Augustus Weyl should convey to Laughlin the premises Nos. 2825, 2827 and 2829 Lucas avenue, in St. Louis, and in consideration of the conveyance Laughlin should receipt in full for the moneys advanced to Matilda Curtis over and beyond the sums he had received as trustee from the property; which surplus had been ascertained to be $3426.75; that it should be the obligation of Laughlin to invest $8000, the proceeds of the premises sold by him, and which had been quit-claimed to him by Mrs. Curtis, in real estate to be approved by her, and when so invested it should be his obligation to convey to her a life estate in such premises; and until the investment was made, he should not be liable for any interest on the fund of $8000; but in lieu of interest should be chargeable from month to month with an amount equal to the monthly net income of Nos. 2827 and 2829 Lucas avenue; that on the death of Matilda Curtis, .Laughlin should be entitled to charge the remainder over of her life estate, with whatever [476]*476sums lie might have advanced to her, either for her account or the account of Augustus Weyl, over and above any moneys he might be chargeable with under his contract, and after he had been thus reimbursed, he should convey by quitclaim deed, the remainder of the property, after the death of Mrs. Curtis, to her two children, Mrs. Gould and Mrs. Mamie Townsend (nee Weyl). These, in substance, were the provisions of the contract of July 28, 1893. Laughlin never invested the |8000 in real estate, because the other parties to the contract, Matilda Weyl and Augustus Weyl, preferred him to keep the money in his hands. This suit was instituted by Mrs. Curtis, and the children and heirs of her daughter, Mrs. Gould, and her daughter, Mrs. Humes, to terminate the trust and have Laughlin pay over the fund in his hands to the life tenant, Mrs. Curtis. It was alleged and proved the other parties in interest, that is to say, Mrs. Humes, and her grandchildren, the children of her daughter, Mrs. Gould, and Augustus Weyl, her former husband, had transferred to Mrs. Curtis all their right, title, interest and claim in and to the fund. The petition alleges Laughlin had signified his willingness and anxiety to surrender his trust and pay over the life interest to any trustee that might be appointed, but feared he would not have the right to do so without the consent of a court of equity. The prayer of the petition was that the court decree the plaintiff, Matilda Curtis, was the owner in fee, by purchase, of the trust fund balance held by Laughlin, and was entitled to receive the same from said trustee and release him from further liability; that said trustee be directed to pay over to her any balance of said fund in his hands and that he be discharged as trustee upon making said payment. The answer filed was a general denial. At the trial defendant Laughlin was put on the stand by plaintiffs, and identified the contract of July 28, 1893, which contract was then introduced in evidence. The witness identified also an account which he had had audited. [477]*477This work was done in Chicago where Langhlin resided and at his request, by an audit company, and showed his •transactions in reference to the trust from December 19, 1899, to October 28, 1908, the day of the trial of this cause, and a balance in Laughlin’s hands on said day of $2774.18. Laughlin testified that, for the purposes of this case, the account was sufficient to base an admission on by him that he had said balance in his hands. Other evidence was then introduced to prove the assignment by the remaindermen of their interests to Matilda Curtis, and plaintiffs rested.

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Bluebook (online)
124 S.W. 56, 146 Mo. App. 470, 1910 Mo. App. LEXIS 490, Counsel Stack Legal Research, https://law.counselstack.com/opinion/curtis-v-laughlin-moctapp-1910.