Kerens v. St. Louis Union Trust Co.

223 S.W. 645, 283 Mo. 601, 11 A.L.R. 288, 1920 Mo. LEXIS 263
CourtSupreme Court of Missouri
DecidedJuly 12, 1920
StatusPublished
Cited by18 cases

This text of 223 S.W. 645 (Kerens v. St. Louis Union Trust Co.) is published on Counsel Stack Legal Research, covering Supreme Court of Missouri primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Kerens v. St. Louis Union Trust Co., 223 S.W. 645, 283 Mo. 601, 11 A.L.R. 288, 1920 Mo. LEXIS 263 (Mo. 1920).

Opinion

WALKER, C. J.

This is a suit to construe the will of Richard C. Kerens and the statute conferring power upon trust companies to execute trusts of this character.

The testator was a resident of the City of St. Louis and executed the will April 10, 1916, and died in the following September. In said will the testator named as executor and trustee the St. Louis Union Trust Company. The suit is brought by Vincent Kerens, a son of the testator against the trust company as trustee and the legatees and devisees other than the plaintiff. The .trial court sustained the trust created by the will and the plaintiff has appealed. We are concerned only *608 with such portions of paragraph 12 of said will having reference to the matter at issue.

The introductory section to said paragraph 12 is as follows:

“All the rest, residue and remainder of my estate, real, personal, or mixed, of every description and wheresoever situate, of which I may die seized or possessed, or to which I may he entitled at the time of my death, together with all lapsed legacies and any and all property becoming a part of my residuary estate under the provisions of this my last will, the whole being referred to as my ‘residuary estate,’ shall be divided by my executor into three equal parts or portions, one of which I hereby give, devise and bequeath unto my daughter, Madeline Kerens Kenna; another of which I give, devise and bequeath unto my daughter, Gladys Kerens Colket; and the remaining one-third to the said St. Louis Union Trust Company, as trustee, for my son, Vincent Kerens, to have and to hold the same, for the uses and purposes upon the terms and conditions, and with the powers and duties hereinafter set forth.”

Subdivision “a” of said paragraph 12 provides for the management by the trustee of the estate.

Subdivision “b”' defines more fully the powers of the trustee.

Subdivisions “c,” “d” and “e” are in the following language:

“(c) During the lifetime of my said son Vincent or if said trust shall not be sooner terminated by the trustee pursuant to the power hereinafter, conferred upon it, during the life of said trust said trustee shall pay to him out of the net income accruing from said estate the sum of five hundred dollars on the first of each calendar month succeeding the time of my death and the remaining undistributed income it shall reinvest and hold as part of the corpus or principal of said trust estate subject to all the provisions of this Twelfth Clause of my will. If, at any time during the lifetime of my said son, he shall of his own free will and desire *609 have passed five consecutive years of continued sobriety and good behavior and shall establish such fact by proof to the satisfaction of said trustee, then the latter, namely, said trustee, shall declare said trust to be at an end and thereafter convey, transfer and pay over to my said son Vincent all the trust property and estate then held or possessed by it as such trustee, and said trust shall thereupon be terminated.

“If at any time or times on account of serious illness or other unforeseen emergency, my said'son shall, in the opinion of said trustee, imperatively require the expenditure upon him or for his benefit of part of the accumulated and undistributed income or of the principal, said trustee is hereby authorized to appropriate and expend for such purpose such an amount as it may think necessary under the circumstances; provided, however, that whereas during my lifetime I became guarantor of the payment to my daughter-in-law, Jane H. Kerens, during her lifetime, or until her remarriage after his death, of the sum of four hundred and fifty dollars per month by her husband, my said son Vincent, I direct that if my said son shall fail to make to his said wife any of said monthly payments, or any part thereof, during the existence of this trust, said trustee shall pay out of such net income, before making the payment of five hundred dollars per month to my said son, all said monthly stipends to. his said wife which at the time may be due and unpaid, his right to receive his monthly stipend of five hundred dollars out of .said net income being subject to the prior payment of over-due instalments to his said wife as aforesaid; and provided further, that if my daughter-in-law shall prove against my estate or otherwise establish as a charge against the same her claim under her said agreement of which I am guarantor as aforesaid, the principal of the fund herein-above devised and bequeathed in trust for my said son shall be charged with the satisfaction of such claim until provision shall have been made for its payment or its release so that my estate generally shall not be charged *610 with the payment of the same or any part thereof. And said trustee is hereby authorized, if such a contingency should arise, to use such part of said trust estate as may be necessary to procure the release or satisfaction of said claim of my said daughter-in-law.

■ “(d). It is my will, and I direct, that neither the income from said trust estate, hereby provided for said beneficiary, nor the principal fund, shall be liable for his debts, present or future, and shall not be subject to the right on the part of any creditor to seize or reach the same under any writ or by any proceeding at law or in equity. And said beneficiary shall not have any power to give, grant, sell, convey, mortgage, pledge or otherwise dispose of, encumber or anticipate the income, or any instalment thereof, or any share in the principal thereof, it being my will that no right of disposition of any such property shall vest in said beneficiary until the same shall have been actually transferred or paid over to him.

“(e). At the death of my said son, if said trust .shall not have been terminated as authorized in paragraph (c) hereof, all the trust property and estate in the hands of said trustee shall be distributed and turned over to my two daughters, Madeline Kerens Kenna and Gladys Kerens Colket, and to the descendants of either or both of them who shall have then died leaving any descendant or descendants surviving, in equal shares ■per stirpes.”

Relevant testimony necessary to an understanding of the facts and the determination of the cause will be set forth in the opinion as occasion requires.

The assignment of errors is as follows:

1. The court erred in admitting testimony explanatory of the meaning of the will and in • permitting the respondents to vary its meaning by extrinsic evidence.

2. The court erred in not holding that the will vested in the appellant the equitable title to óne-third of the residuary estate.

*611 3. The court erred in holding that the conditions named were definite, certain and capable of enforcement.

4. The court erred in refusing to hold, that the conditions were subsequent and so vague and indefinite as to be incapable of administration.

5.

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Bluebook (online)
223 S.W. 645, 283 Mo. 601, 11 A.L.R. 288, 1920 Mo. LEXIS 263, Counsel Stack Legal Research, https://law.counselstack.com/opinion/kerens-v-st-louis-union-trust-co-mo-1920.