Keating v. Smith

97 P. 300, 154 Cal. 186, 1908 Cal. LEXIS 320
CourtCalifornia Supreme Court
DecidedAugust 27, 1908
DocketL.A. No. 2056.
StatusPublished
Cited by40 cases

This text of 97 P. 300 (Keating v. Smith) is published on Counsel Stack Legal Research, covering California Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Keating v. Smith, 97 P. 300, 154 Cal. 186, 1908 Cal. LEXIS 320 (Cal. 1908).

Opinion

SLOSS, J.

Andrew J. W. Keating died on August 15, 1901, leaving a will which was duly admitted to probate by the superior court of the county of Los Angeles on the sixteenth day of October, 1901.

By this will, which bore date the eighth day of May, 1896, the testator gave to a son, William Keating, residing at Taltal, Chile, all of his property at that place. All the residue of his estate he devised and bequeathed to his wife, Isabell Keating, and two of his sons, Alfred Vincent Keating and Arthur Harry Keating, in trust for the following uses and purposes, to wit: “to manage, control and care for said properties and accumulations thereof, and to hold the said property intact, so far as possible, until my youngest son Edward Keating, now aged about six years, shall attain the age of twenty-one years, and then to convey all of said property, other than the said property hereinbefore devised to my said son William Keating, being said property in Taltal, Chile, to the following persons, and in the following proportions, to wit: An undivided one third thereof to my said wife Isabell Keating, and *188 an undivided two thirds thereof to my said children Alfred Vincent Keating, Arthur Harry Keating, Julius Augustus Keating, Henry Keating, Walter Keating, Edward Keating, Helena Keating, and Elvira Keating, share and share alike. And, in case of the death of any of my said children before my said son Edward Keating attains the age of twenty-one years, then to convey the undivided two thirds of said property to my surviving children, other than the said William Keating. In case my said son Edward Keating dies before reaching his majority, then to convey all the rest and residue of said property (other than the said property in Chile, hereinbefore devised to my said son William Keating), whenever the youngest of my remaining children reaches the age of majority, in the following proportions, to wit: an undivided one third thereof to my said wife Isabell Keating, and the remaining undivided two thirds thereof to my said children, then surviving, other than the said William Keating, share and share alike.” The wife and sons named as trustees are by the will appointed executors, and are given, as executors and trustees, full power to sell and convey all portions of the testator’s estate and to invest the proceeds, all investments to be held in trust in like manner as the property devised to the trustees.

Arthur Harry Keating died prior to the death of the testator. The widow renounced her right to act as executrix, and letters testamentary were issued to Alfred Vincent Keating.

At the close of the administration a decree was duly made, distributing all of the residue of the estate to Alfred Vincent Keating as sole trustee, the widow declining to act as trustee. In defining the trusts the decree of distribution differs in some respects from the will. By the decree it is adjudged that the trust was by the will “created and established as an accumulation directed by said will to commence upon the distribution of this estate, and to terminate at the expiration of the minority of said children . . . and at the termination of said trust as aforesaid, all the property of the testator, other than that devised to his son William Keating, . . . should go to and be conveyed to the trustee' to said widow and children in the following proportions . . .” The decree then orders, adjudges, and decrees that the residue of the estate “be, and the same is hereby distributed according to law and the provisions of said will, as follows:—

*189 “To Alfred Vincent Keating, as trustee, in trust to manage, control and care for said property and the accumulations thereof, during the minority of the said children, as hereinafter provided, and to terminate at the expiration of their minority, that is to say, upon the attainment of the youngest child of the age of majority, and then to go as follows, to wit: One third thereof to Isabell Keating, the widow, and the remaining two thirds thereof to the children of the said deceased (other than the said William Keating) share and share alike, and in case of the death of any of said children before they attain the age of twenty-one years, then to the surviving children other than the said William Keating, and in case the youngest son, Edward Keating aforesaid, may die before attaining his majority, then to the said surviving children other than the said William Keating, at the time when the youngest of them may reach the age of majority, that is to say, an undivided one third tos Isabell Keating and the remaining two thirds to the said children other than the said William Keating, surviving at the time the youngest living child may attain the age of twenty-one years, if said child be a son, or at the time when the youngest child may attain the age of eighteen years if said youngest child be a daughter.”

To the decree are attached conditions whereby the court retains authority to confirm all sales made by the trustee, the trustee is required to give a bond, and the entire income derived from the estate is directed to be apportioned by the trustee at least once a year, as follows: One third of the income to the widow of the deceased, and one ninth of the income to each of the six surviving children of the deceased other than William Keating, with a proviso that if the income over and above the sum of ten thousand dollars a year receivable from one Colton should not be sufficient to pay to the widow three hundred dollars a month and to each child one hundred dollars a month, then the deficiency should be supplied out of the Colton moneys to the extent necessary to make the payments equal to such monthly sums. The decree became final by lapse of the time within which an appeal could have been taken. By subsequent orders of the superior court Alfred Vincent Keating and George H. Hutton have been appointed as trustees to succeed Alfred Vincent Keating and Henry Charles Keating.

*190 On October 24,1904, Isabell Keating, the widow of the decedent, was married to the defendant, Isaiah II. Smith. She died intestate on February 24,1906. Letters of administration were issued to her surviving husband in March, 1906. At the time of her death some of the Keating children were still minors.

This action was instituted against Smith, individually and as administrator of his wife’s estate, by the trustees and the children of the decedent named as beneficiaries of the trust. The complaint prays that the defendant be required to set forth his claims against the trust estate, and that it be decreed that the trustees plaintiff are the owners of all the residue of the estate for the benefit of the six children. The' action is based upon the theory that by the death of Isabell Keating Smith, the widow of the deceased, before the termination of the trust, her interest in the trust estate lapsed, and that the defendant had no interest therein, either as administrator of her estate or as one of her heirs.

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Cite This Page — Counsel Stack

Bluebook (online)
97 P. 300, 154 Cal. 186, 1908 Cal. LEXIS 320, Counsel Stack Legal Research, https://law.counselstack.com/opinion/keating-v-smith-cal-1908.