Jessup's Estate

17 Pa. D. & C. 517, 1932 Pa. Dist. & Cnty. Dec. LEXIS 155
CourtPennsylvania Orphans' Court, Philadelphia County
DecidedNovember 26, 1932
DocketNo. 3812
StatusPublished
Cited by1 cases

This text of 17 Pa. D. & C. 517 (Jessup's Estate) is published on Counsel Stack Legal Research, covering Pennsylvania Orphans' Court, Philadelphia County primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Jessup's Estate, 17 Pa. D. & C. 517, 1932 Pa. Dist. & Cnty. Dec. LEXIS 155 (Pa. Super. Ct. 1932).

Opinion

The facts appear from the adjudication of

Henderson, J., Auditing Judge.

— Augustus E. Jessup, the decedent, died October 16,1925.

By indenture of marriage settlement dated Juñe 10, 1890, between Augustus ■ E. Jessup and Hon. Lady Mildred Marion Bowes Lyon, certain property was assigned, transferred and set over to the trustees therein named, in trust to pay over the income therefrom unto the said Augustus E. Jessup for life, and as to one moiety thereof:

“18. . . .

“ (d) After the death of the said Augustus Edward Jessup and the death or remarriage of the said Lady Mildred Marion Bowes Lyon, the Settlement Trustees shall subject as aforesaid hold such First Moiety and the then present income thereof In Trust for all or such one or more exclusively of the other or others of the issue of the said intended marriage whether children or remoter issue (but as to remoter issue to be born within the lifetime of the said Augustus Edward Jessup or within Twenty one years after his decease) to vest at such time or times and if more than one in such shares and with such gifts over and generally in such manner for the benefit of such issue or some or one of them p.s the said Augustus Edward Jessup shall bv Deed revocable or irrevocable or by Will or Codicil appoint And in default of and until and subject to any such appointment In Trust for all or any the children or child of the said intended marriage who being sons or a son shall obtain the age of Twenty one years or being daughters or a daughter shall attain that age or marry under that age with the consent of their or her parents or surviving parent or their or her guardian or guardians or surviving guardians or guardian if any and if more than one such child in equal shares.

“19. Provided always that any child who or whose issue takes any part of the Trust Property under any appointment in pursuance of the power lastly hereinbefore contained shall not in the absence of any appointment to the contrary take any share in the unappointed part thereof without bringing the share or shares appointed to him or her or to his or her issue into hotchpot and accounting for the same accordingly.”

As to the second moiety, the indenture provides as follows:

“22. After the death of the said Augustus Edward Jessup the Settlement Trustees shall (but subject to the power of appointment hereinafter contained) hold the said other or Second Moiety of the Trust Property and the income [518]*518thereof . . . subject to the interest which any wife of the said Augustus Edward Jessup who may survive him may have therein under the laws of Pennsylvania for the distribution of the personal estate of intestates, to pay, assign and transfer the same to the then living child or children of the said Augustus Edward Jessup and the issue, of any children deceased, in equal shares per stirpes and not per capita. . . .

“23. Provided, nevertheless, that notwithstanding the lastly hereinbefore contained Trust it shall be lawful for the said Augustus Edward Jessup by any j^eed. revocable or irrevocable, or by will or codicil to appoint, that from and after his decease the whole or any parts or part of the said Second Moiety of the Trust Property, or of so much of the said First Moiety as shall then have come or shall thereafter come within the operation of the Trusts of the Second Moiety shall go or devolve to or in favor of all or any or such one or more of the limited class of appointees hereinafter mentioned, to take effect or vest at such time or times and with such gifts over and generally in such manner for the benefit of such appointment as the said Augustus Edward Jessup shall appoint.

“24. The limited class of appointees above mentioned include and consist of the following persons:

“(1.) The said Lady Mildred Marion Bowes Lyon or any future wife of the said Augustus Edward Jessup.

“(2.) Any Child or remoter issue of the said Augustus Edward Jessup by any marriage.

“(3.) The said Clara Jessup Heyland, her present or any future husband any child or remoter issue of said Clara Jessup Heyland.

“ (4.) The said Bernard Constable Maxwell.

“ (5.) Any person being of kin to the said Augustus Edward Jessup.

“(6.) Any person named or referred to as legatee in the Will of Alfred Du Pont Jessup, or of their respective issue.

| “Provided, that every appointee under the foregoing power be born in the [lifetime or within twenty-one years after the decease of said Augustus Edward IJessup.”

Thereafter the said Augustus Edward Jessup married the said Lady Mildred Marion Bowes Lyon and by her had two children, to wit, Alfred C. Jessup and Alexander M. Jessup.

Lady Mildred Marion Bowes Lyon Jessup died, and Augustus Edward Jessup married one Hyacinth Mary Cavendish Bentinck, and by her had two children, to wit, Mary V. Jessup (now Hood) and Olive C. L. Jessup.

Hyacinth Mary Jessup died, and Augustus Edward Jessup married one Jenny Shaw (now Jenny Nunes de Sa), who survived him.

Augustus Edward Jessup died October 16, 1925, leaving to survive him two children by his first marriage, to wit, Alfred C. Jessup and Alexander M. Jessup, two children by his second marriage, to wit, Mary V. Jessup Hood and Olive C. L. Jessup, and his third wife, now Jenny Nunes de Sa. There were no issue of a deceased child. He had no issue by his third wife.

Augustus Edward Jessup left a will, whereby, inter alia, he provided as follows:

“. . . I do hereby exercise the power of appointment vested in me under the terms of the said marriage settlement, and from the corpus of the fund held thereunder at my disposal at the time of my death I give and bequeath as follows:

“I give and bequeath to each of my children, Alfred C. Jessup, Alexander M. Jessup, Mary V. Jessup and Olive C. L. Jessup, the sum of Five thousand Dollars ($5,000), to be paid to each of them as soon as possible after my decease, [519]*519free of all succession and inheritance taxes and death duties; I give and bequeath to ray wife Jenny J. Shaw the sum of five thousand Dollars ($5,000), to be paid to her as soon as possible after my decease, free of all succession and inheritance taxes and death duties;

“All the rest, residue and remainder of the said fund, I give, devise and bequeath unto my Trustees hereinafter named, to divide the same into thirty equal parts or shares, and to hold the same in Trust, that is to say:

“Ten (10) of such parts or shares for the benefit of my son Alfred C. Jessup; five (5) shares for the benefit of my son Alexander M. Jessup; five (5) shares for the benefit of my daughter Olive C. L. Jessup; five (5) shares for the benefit of my daughter Mary V. Jessup, and five (5) shares for the benefit of my wife Jenny J. Shaw, under separate trusts, to pay over the income therefrom unto my said wife and children by any previous marriage respectively for .life.

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Bluebook (online)
17 Pa. D. & C. 517, 1932 Pa. Dist. & Cnty. Dec. LEXIS 155, Counsel Stack Legal Research, https://law.counselstack.com/opinion/jessups-estate-paorphctphilad-1932.