Farmers & Merchants National Bank v. Lizdennis

251 P.2d 418, 115 Cal. App. 2d 55, 1952 Cal. App. LEXIS 1767
CourtCalifornia Court of Appeal
DecidedDecember 23, 1952
DocketCiv. No. 19253
StatusPublished
Cited by1 cases

This text of 251 P.2d 418 (Farmers & Merchants National Bank v. Lizdennis) is published on Counsel Stack Legal Research, covering California Court of Appeal primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Farmers & Merchants National Bank v. Lizdennis, 251 P.2d 418, 115 Cal. App. 2d 55, 1952 Cal. App. LEXIS 1767 (Cal. Ct. App. 1952).

Opinion

MOORE, P. J.

By her last will and its codicils executed in 1951, Lillian E. Schramm created four trusts (A, B, C and D) with her favorite bank as a trustee. After her decease in February, 1952, the bank and Clarence Lizdennis, sole beneficiary under Trust D, were, according to the will, appointed cotrustees of that trust, and the bank as sole executor. Clarence was to receive the total net income of Trust D which was to terminate five years after distribution. At that time the assets are to be distributed to Clarence free of the trust. If he should not survive the period of the trust, it will continue as a trust for charitable uses.

The controversy here involved arises out of the seventh clause of the will.

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Related

Estate of Schramm
251 P.2d 418 (California Court of Appeal, 1952)

Cite This Page — Counsel Stack

Bluebook (online)
251 P.2d 418, 115 Cal. App. 2d 55, 1952 Cal. App. LEXIS 1767, Counsel Stack Legal Research, https://law.counselstack.com/opinion/farmers-merchants-national-bank-v-lizdennis-calctapp-1952.