First Nat'l Bank of Holly Hill v. Bennett

34 S.E.2d 678, 206 S.C. 402, 1945 S.C. LEXIS 78
CourtSupreme Court of South Carolina
DecidedJuly 12, 1945
Docket15750
StatusPublished
Cited by5 cases

This text of 34 S.E.2d 678 (First Nat'l Bank of Holly Hill v. Bennett) is published on Counsel Stack Legal Research, covering Supreme Court of South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
First Nat'l Bank of Holly Hill v. Bennett, 34 S.E.2d 678, 206 S.C. 402, 1945 S.C. LEXIS 78 (S.C. 1945).

Opinion

Mr. Associate Justice StukEs

delivered the unanimous Opinion of the Court:

This appeal requires the construction of the residuary clause of the will of the late A. B. Bennett of Holly Hill, Orangeburg County. It is as follows:

“Ninth: All the rest, residue and remainder of my Estate, real, personal, and mixed, and wheresoever situate, including all property that I own in co-partnership with my brother, B. R. Bennett, and all insurance policies made payable to my Estate, except the one otherwise disposed of, and all property of which I may die seized and possessed, or to which I might be entitled at the time of my decease, I give, devise, and bequeath unto the persons hereinafter named as my Executors, in trust, for the benefit of my children, the same to be held by the said Trustees, and the survivors and survivor of them, to be disposed of or sold by them, at public or private sale, at such times and on such terms and conditions as they may deem best, and to execute and deliver such transfers, assignments and deeds of conveyance as may be necessary, and to then divide the proceeds among my children, share and share alike, the child or children of any deceased child to take the parent’s share. In this connection, I may say by way of suggestion, and not command, that I think it might be advisable, for my Trustees to hold some of this property for a period of five years or even longer.”

Testator died August 23, 1939, and his will, dated August 5, 1939, was thereafter probated. In it-'there were named as executors and trustees the First National Bank of Holly Hill, I. Witte Bull, B. R. Bennett (testator’s brother, since resigned), and Douglas A. Bennett, his son, who qualified and entered upon their duties.

*404 If it were necessary to define the interests given the children of testator by the quoted residuary clause, the following words of Mr. Justice Cothran, author of the opinion in Torre v. Chesnut, 159 S. C., 282, 156 S. E., 906, 907, 74 A. L. R., 540, would be appropriate: “Strictly speaking, the provision in the will in favor of W. T. Chesnut is not a pecuniary legacy, but a beneficial interest to the extent of $30,000.00, in a trust fund in the hands of the executors as trustees, the fund being the proceeds of a conversion into money of all of the estate that remained after taking care of the specific devises and specific legacies provided for in the preceding portion of the will.”

The son, Douglas A. Bennett, died November 26, 1943, leaving no children, but his widow, Sarah P. Bennett; survied and is the sole beneficiary of her husband’s will. Claim was made by her as such to the undistributed portion of the residue (which would have been paid to her husband had he lived out the period of distribution). The Circuit Court held against the widow’s (the appellant’s) contention and, in effect, that the shares of the residue of the estate did not vest in the children of testator living at the time of his death and that the gift to each was contingent upon his surviving •the time of distribution so that the remainder of this devise or legacy to the deceased son, Douglas, lapsed at his death and, therefore, did not pass to appellant under his will. And the decree under appeal went further 'and adjudged, not that the “lapsed” portion was intestate property, but that appellant had no interest in it at all.

It is elementary that a testator’s intention shall gov-era. if not in conflict with law and that it will be found after consideration of the entire will, if other portions than that under examination throw light. Let us then briefly examine the other items of the will, from none of which, we think, can support be fairly found for the construction adjudged by the lower Court.

*405 Certain parcels of real estate in the City of Greenville and in Flolly Hill were devised by testator to his daughter, Janie Hawthorne, and her daughter and any other children of her present marriage, to be divided equally when the youngest child of this daughter should become twenty-one, meanwhile the property shall remain in the hands of the executors and trustees for the benefit of these devisees.

The home place of 209 acres, the residence and contents, were devised and bequeathed to Douglas for life, quoting, “and after his death to his children, should he have any — ■ I mean the children of his own flesh and blood, not adopted children, but should Douglas leave no children at his death, then this home place is to revert to my estate and be divided among my children and grandchildren, share and share alike, after the youngest of my grandchildren becomes twenty-one years of age * * The furniture, silverware and all other property in the home were also given to Douglas for life and thereafter to his children, if any, but should Douglas leave no children, then the furniture and other contents of the house should go to testator’s daughter and her daughter. There were other devises of considerable real estate to Douglas in which testator specified that the property should go to him in fee.

Unto another son, Heyward, devises were made of several parcels of real estate and to, quoting, “his children, Emily Heyward Bennett and Caroline Bennett, and any other lawful children of his own flesh and blood, that he might have, but not adopted children * * *, share and share alike,” upon condition that the executors, as trustees, hold said property until Heyward’s youngest child shall become twenty-five years old, then distribute it, or the proceeds, meanwhile paying out the income for the benefit of Heyward and his children, particularly for the education of the latter.

Other real estate was devised to the third son, Nolan, and his children, who were named, and, quoting, “any other lawful children of his own that he might have, and not *406 adopted children,” share and share alike, but in trust to the executors until Nolan’s youngest child shall become twenty-five years of age, when the property or its proceeds shall be distributed, meanwhile income to be used for the benefit of these beneficiaries.

Attention is called again to the provision of the residuary clause wherein it was expressly contemplated that the executors and trustees should move slowly in disposing of the assets coming within its terms, suggesting even that they might take five years or longer for an orderly liquidation. But there was no gift over, cross-gift or substitutional interest created in case of the death childless of a child during distribution, any one of which would indicate contingency and would serve to annex futurity to the substance of the gift. On the contrary, the will is barren of evidence of an intention to suspend the gifts contained in the residuary clause upon the contingency of survival of the donees to the date of completion of the distribution. They needed only to survive until the death of testator — the substitutionary gift to the respective children of the children of testator was effective only if any of testator’s children predeceased him. See in contrast, Youmans v. West, 203 S. C., 480, 28 S. E. (2d), 47.

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Bluebook (online)
34 S.E.2d 678, 206 S.C. 402, 1945 S.C. LEXIS 78, Counsel Stack Legal Research, https://law.counselstack.com/opinion/first-natl-bank-of-holly-hill-v-bennett-sc-1945.