Edwards v. Perryman
This text of 18 Ga. 374 (Edwards v. Perryman) is published on Counsel Stack Legal Research, covering Supreme Court of Georgia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
By the Court.
delivering the opinion.
The deed had conveyed the property/or the sole and separate use and benefit of Mrs. JUdwarcls during her life, her husband being allowed the management and control thereof, with her consent, the issue and proceeds to be applied to their joint support — the surplus to bo applied by the husband, as-trustee, to the purchase of other property, with consent of’ the wife, and with power in the husband, with consent of the wife, to change the property. And the right of survivorship was secured to the husband and wife, respectively. Provis--' ion was also made, by the deed, for a change of the trustee,, by the joint action of the husband and wife, at their pleasure.
Now the bill, in the name of the trustee, Perryman, and of Mrs. Edwards, by prochein ami, sets forth the waste of the* property by Edwards, the husband, declares his incapacity, by reason of bad habits, to manage the same properly, and prays that it may be taken from him and placed in the hands-of a receiver, or of the trustee, Perryman, until the farther decree of the Court; and that such receiver or trustee should be required to give bond and security that he would faithfully' execute the trust.
[378]*378Its purpose has not been served, therefore, by the delivery up of the property to the trustee, as has been argued. That trustee, himself, should be required, if he is to retain possession of the same, to give security .for its faithful management,, according to the prayer of the bill, and a decree may be needed to adjust the rights of the parties under this change of circumstances. Edwards, the husband, by the deed, was allowed the management of the property, the right to invest any.surplus thereof, and to change any portion of the investment, with the consent of the wife. Now that the property is taken from him, who is to execute these provisions of the deed ? How can this power be transferred to the trustee, without a decree to this effect?
It is plain that all this can he determined and settled only by a decree of the Chancellor. And therefore, the purposes of the hill have not been served. If not, as Mrs. Edwards is the chief beneficiary under tbe deed — is the person most interested in the disposition of the property, and in the decree to he made, she had the right to he consulted as to the dismissal of the bill, and she and her Solicitor should have had an influence in giving direction to it. No act of the trustee should he allowed to prejudice her rights. (Batts vs. Strutt, 1 Hare, 146. Parker vs. White, 11 Ves. 226. Hill on Tr. 316, 317.)
It only remains to add, that what has been said authorizes the conclusion, that the bill was properly re-instated in tho-Court below.
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18 Ga. 374, Counsel Stack Legal Research, https://law.counselstack.com/opinion/edwards-v-perryman-ga-1855.