Davidson's ex'rs v. Kemper

79 Ky. 5, 1880 Ky. LEXIS 78
CourtCourt of Appeals of Kentucky
DecidedFebruary 27, 1880
StatusPublished
Cited by11 cases

This text of 79 Ky. 5 (Davidson's ex'rs v. Kemper) 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
Davidson's ex'rs v. Kemper, 79 Ky. 5, 1880 Ky. LEXIS 78 (Ky. Ct. App. 1880).

Opinion

JUDGE HINES

delivered tiie opinion op tiie court.

The question is, whether the interest of Charles Davidson,, under the will of his father, William H. Davidson, can be-subjected to the payment of the debts of Charles Davidson..

The pertinent clauses of the will are as follows :

“I appoint Joshua F. Speed and James W. Hinning . . executors of this my will, and direct that no security be-required of them or either of them in qualifying or acting as such; and I do hereby devise to my said executors all my estate, both real and personal, whether in possession, remainder, or reversion, and wherever situated, for the uses, and purposes hereinafter directed and provided.”

The fourth clause is as follows: “The entire residue of my estate, real and personal, shall be held,, used, and controlled by my said executors for the equal use and benefit of my said wife, Letitia, and my three children, Henry G. Davidson, Alice B. Davidson, and Chandes Davidson, share- and share alike, and my executors are empowered and requested to manage the estate in such way as may seem to. them most to redound to the increase thereof, and to the-best interest of my said wife and children, and full power is hereby given and devised to my said executors, in their discretion, to sell and convey any and all ©f my real' estate, .... it being my intention to clothe my said; executors with, and I do hereby grant to them, ample and full discretionary powers to control and dispose of my [7]*7estate, and to make profit, increase, and income for the benefit thereof in the same way and as fully as I could lawfully do if living, subject only to the express provisions of this will; and my said executors are not to be responsible for any loss on account of accident or error in judgment in any such sales, purchase, investment, or re-investments as herein provided for.”

The seventh clause reads:

‘ ‘ My said executors shall pay to each of my said three-children, or for their tise and benefit, quarterly, half-yearly, or-annually,jis_they may deem most expedient, a sum or sums statable and proper for the support of eacTf hot exceeding to-either the income or profits of his or her share of my estate-under the control of my executors (i. e.), the share of each during the life of my wife, being one equal fourth part, and if she dies without a will, then the share of each being one equal third part of my estate; or if she disposes by will, as above- provided, then the share of each of my children under this will will be an equal third part of that remaining in the-hands of my executors; and my executors, to do equal justice to each devisee under this will, may keep the funds in common during the life of my wife.” . . . “Neither of my two sons, nor my daughter, . . . shall have any power or right to sell or encumber any part of my said estate-in the hands of my said executors, or the profits or income thereof, or to anticipate the receipts thereon, nor shall my said estate or any part thereof be in any way liable for the debts,, engagements, or contracts of either of them, and my estate and every part thereof, which shall be held by my executors intrust for my said children and their issue, shall remain in trust as to the share of each, and the disabilities of alienation or encianbrance by them and their issue continue for the period of the life of each of my said children,” &c.

[8]*8“All discretionary powers herein delegated to my said executors are personal trusts to them.”

It is further provided, that if the executors should fail to act, the Louisville Chancery Court should have power to appoint, but that such appointees “shall execute only the positive duties under this will, according to law, paying over the income to the parties entitled, holding the principal undisturbed, and shall not exercise any discretionary powers herein given to my executors as to buying and selling and trading on my estate.”

From these .provisions of the will it is clear that the testator designed that the children should not, under any circumstances, receive more than the proceeds of a certain portion of the estate, which was to be expended, as the judgment of the executors might approve, in their support. It is equally clear that the trust in the executors was a personal trust, and that the testator attempted, so far as it was possible to do, to dedicate such portion of the proceeds as the executors might deem proper, to the support of the children, and that it should not be'liable, under any circumstances, for the debts of the children.

Will the statute permit that intention to be carried into ■effect ?

Section 21, article I, chapter 63, of the General Statutes, reads:

“Estates of every kind, held or possessed in trust, shall be subject to the debts and charges of the persons to whose use, or for whose benefit they shall be respectively held or possessed, as they would be if those persons owned the like .interest in the property held or possessed as they own or shall own in the use or trust thereof.”

[9]*9This statute has, in substance, been the law of this State since January, 1796 (Morehead and Brown’s Statutes, page 443), and has been frequently construed by this court.

In Eastland v. Jordan, 3 Bibb, 186 (1813), a negro was transferred by deed in trust, ‘ ‘ that the proceeds of his hire should be applied to the maintenance of Goodrich Light-foot during his life.” It was held that the cestui que trust had .a life estate in the negro that could be subjected to the satisfaction of his debts.

In Cosby v. Ferguson, 3 J. J. M., 264 (1830), a deed of trust by Cosby, transferring $30,000 in trust for the benefit ■of himself and family, the interest to be appropriated to the maintenance and use of his family and himself during their lives — Held that the interest of Cosby could be subjected to the payment of his debts.

In Pope’s ex’r v. Elliott, 8 B. M., 56 (1847), the testator • directed his executors to appropriate twenty-five dollars per month to the support of his son Robert during his life. .Robert becoming indebted, a suit was brought by a creditor to subj ect a certain sum in the hands of the executors, which had accumulated by reason of the monthly allowance not having been paid out, and also to subject the monthly allowance of twenty-five dollars, as it might accrue.

Chief Justice Marshall, delivering the opinion of the court, :said: “If the executors were orare indebted to Robert Pope to the extent that the $25 a month, directed to be appropriated to his support, may have at any time accumulated in 'their hands, we are of the opinion that, prospectively, they ■ are not and cannot be said to be indebted to him in any :sum of money; that they are under no obligations to pay him $25 a month in future, but only to appropriate that . sum to his suppoi't; and if they are under any obligation to [10]*10pay him any portion of that sum, it is only so much of it as may not be required for his support, and to which he may become entitled only on that ground, or because, having provided otherwise for his own support, he should be compensated therefor out of the fund appropriated for that. purpose to the extent of $25 a month......We are of the opinion that the decree has gone too far in appropriating to the complainant’s demand any part of the allowance of $25 per month, beyond the accumulations in the hands, of the executors at the date of the decree. . . .

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Bluebook (online)
79 Ky. 5, 1880 Ky. LEXIS 78, Counsel Stack Legal Research, https://law.counselstack.com/opinion/davidsons-exrs-v-kemper-kyctapp-1880.