Glaser v. Chicago Title & Trust Co.

66 N.E.2d 410, 393 Ill. 447, 1946 Ill. LEXIS 322
CourtIllinois Supreme Court
DecidedMarch 20, 1946
DocketNo. 29315. Reversed and remanded.
StatusPublished
Cited by36 cases

This text of 66 N.E.2d 410 (Glaser v. Chicago Title & Trust Co.) is published on Counsel Stack Legal Research, covering Illinois Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Glaser v. Chicago Title & Trust Co., 66 N.E.2d 410, 393 Ill. 447, 1946 Ill. LEXIS 322 (Ill. 1946).

Opinion

Mr. Justice Smith

delivered the opinion of the court:

This is an appeal from a decree of the circuit court of Cook county. The case involves the construction of certain provisions of the last will and testament of Jacob Franks, deceased. Jacob Franks died on April 18, 1928. He left surviving Flora G. Franks, his widow, Josephine Helene Franks, his daughter, and Jack Morris Franks, his son, as his only heirs-at-law. His will was duly admitted to probate by the probate court of Cook county.

By his will, he first provided for the payment of debts and funeral expenses and the distribution of his household goods and effects. 'Then, after making a specific legacy to his wife, Flora G. Franks, of $100,000, in fulfillment of an antenuptial agreement, he provided for the payment of $2000 per month to her by his executors from the date of his death until his estate should be turned over to the trustees named in the will. By paragraph six, he bequeathed all the rest, residue and remainder of his estate to Chicago Title and Trust Company and certain individuals, as trustees.

By the seventh paragraph, he directed his trustees to set aside property or securities in the sum of $250,000 to be known as the Flora G. Franks Trust. He provided that the income from this trust be paid to his widow, Flora G. Franks, during her life. He then made provision for the distribution of the corpus of the Flora G. Franks Trust to his daughter Josephine and his son Jack, upon the death of his widow. Thereafter, the widow died. The Flora G. Franks Trust was fully administered, and upon her death the funds and property remaining in that trust were distributed by the trustees, in accordance with the will. The Flora G. Franks Trust, having terminated and been fully executed, is not involved in this litigation.

By the eighth paragraph of his will, he made a bequest to Rosehill Cemetery for the perpetual care and upkeep of his cemetery lot. By the ninth paragraph, he directed his trustees to expend $100,000 for the establishment of a memorial to perpetuate the memory of his deceased son, Robert A. Franks. By the tenth paragraph, he directed his trustees to set aside all the rest, residue and remainder of the estate in a fund to be known as Josephine Helene and Jack Morris Franks Trust. It is the provisions of the will creating this trust which are involved in this cause. All of the specific legacies, except the annuities provided for in paragraph eleven, and the bequests provided' for by paragraph twelve, have been paid, and all of the other provisions of the will have been fully executed and carried out.

By the eleventh paragraph of the will, he directed his trustees to pay, from the income of the trust, to each of thirteen named nephews and nieces, an annuity of $1000 per year during their respective lives. By the twelfth paragraph, he directed that upon the death of each of the annuitants named in paragraph eleven leaving issue, the trustees pay out of the principal of the trust the sum of $15,000 to the issue surviving each deceased annuitant.

By the thirteenth paragraph, he directed the trustees, subject to the payment of the annuities provided in paragraph eleven and the payment of the bequests contained in the twelfth paragraph of the will, “to pay over and distribute the net income of said Josephine Helene and Jack Morris Franks Trust, and the principal of said Josephine Helene and Jack Morris Franks Trust,” as thereafter provided in said paragraph thirteen.

Subparagraph (a) of paragraph thirteen, is as follows: “(a) To pay and apply one-half (}4) of the remaining net income, or so much thereof as they may deem necessary, to the support, maintenance and education of my daughter, Josephine HeeEne Franks, until she attains the age of twenty-one (21) years, and to accumulate and invest the balance of such one-half (}4) of the remaining net income, if any, and upon my said daughter, Josephine HeeEne Franks, attaining the age of twenty-one (21) years, to pay over and transfer to her all such accumulations. After my said daughter, Josephine Helene Franks, attains the age of twenty-one (21) years, I Authorize, Empower and Direct my said Trustees to pay over to her during her natural life, in quarter-yearly instalments as near as may be, such one-half ($4) of such remaining net income.”

By subparagraph (b) of paragraph thirteen, he made a similar provision for the payment of the other one-half of the remaining net income of' the trust to his son Jack.

By subparagraph (c) of paragraph thirteen, he made provision for the distribution of one half of the principal or corpus of the trust to the surviving issue of his daughter or son, in the event either should die leaving issue prior to the death of the other. By subparagraph (d) of paragraph thirteen, he made provision for the termination of the trust and for the distribution of the principal of the trust upon the death of the survivor of his daughter and his son. Those subparagraphs are as follows:

“(c) Upon the death of either my daughter, Josephine Helene Franks, or my son, Jack Morris Franks, leaving lawful issue her or him surviving, I Authorize, Empower and Direct my said Trustees to set aside, from the principal of said Josephine Helene and Jack Morris Franks Trust, property which in their opinion will be sufficient to pay the annuities and bequests provided to be paid by paragraphs numbered Eleventh and TwELETi-i of this, my Last Will and Testament, and to pay over and distribute one-half (J2) of the remaining principal of such Josephine Helene and Jack Morris Franks Trust to the lawful issue of such deceased' son or daughter, such lawful issue to take per stirpes and not per capita.

“(d) Upon the death of the survivor of my said daughter, Josephine Helene Franks, and my said son, Jack Morris Franks, my' said Trustees shall pay over and distribute to her or his lawful issue her or him surviving, per stirpes and not per capita, all the remaining property held in such Josephine Helene and Jack Morris Franks Trust, except the property directed by sub-paragraph (c) of this paragraph numbered Thirteenth to be held to pay the annuities and bequests provided to be paid by paragraphs numbered Eleventh and TwBLETh of this, my Last Will and Testament. If any property shall be retained by my said Trustees for the purpose of making the payments of such annuities and bequests directed to be made by paragraphs numbered Eleventh and TwELETh of this, my Last Will and Testament, and if any of such property shall remain after all payments directed by said paragraphs numbered Eleventh and TwELETh have been made, then such property so remaining shall be paid over and distributed, one-half (}ú) to the lawful issue then surviving of my - daughter, Josephine Helene Franks, and one-half ()4) to the lawful issue then surviving of my son, Jack Morris Franks, or if either my said daughter, Josephine Helene Franks, or my said son, Jack Morris Franks, has no lawful issue them surviving, then all of said property shall be paid over and distributed to the lawful issue of the other then surviving. Wherever in this paragraph numbered Thirteenth, provision is made that any property shall be paid over or distributed to the lawful' issue of my daughter, Josephine HeeEne Franks, or my son, Jack Morris Franks, such lawful issue shall take per stirpes and not per capita.”

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Bluebook (online)
66 N.E.2d 410, 393 Ill. 447, 1946 Ill. LEXIS 322, Counsel Stack Legal Research, https://law.counselstack.com/opinion/glaser-v-chicago-title-trust-co-ill-1946.