Keyes v. Northern Trust Co.

130 Ill. App. 508, 1906 Ill. App. LEXIS 659
CourtAppellate Court of Illinois
DecidedDecember 13, 1906
DocketGen. No. 12,882
StatusPublished

This text of 130 Ill. App. 508 (Keyes v. Northern Trust Co.) is published on Counsel Stack Legal Research, covering Appellate Court of Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Keyes v. Northern Trust Co., 130 Ill. App. 508, 1906 Ill. App. LEXIS 659 (Ill. Ct. App. 1906).

Opinion

Mr. Presiding Justice Brown

delivered the opinion of the court.

The plaintiff in error in this cause as administrator filed a hill in chancery in the court below to set aside a deed of trust which was executed by his deceased intestate and delivered to the Northern Trust Com- • pany a few months before her death. Various allegations looking to this relief were made by the bill and its amendments. It was charged that the deed was void on its face for various reasons, and that its execution had been procured by the fraudulent arts and undue influence of beneficiaries under it. The chancellor in the Superior Court, however, after a hearing on testimony offered by deposition and in open court, found that the deed was executed by Roberta E. M. Chittenden while in the full possession of all her mental faculties, and while she had full right to dispose of the property covered by it as she thought best, and also that it was executed .and delivered without any fraud or undue influence on the part of anybody, and that the grantor had painstaking and disinterested assistance from her legal adviser. No certificate of evidence has been preserved with which to challenge these findings, and they are to be taken as final in this court.

The only question arising on this writ of error is whether the deed is invalid, inoperative and void upon its face.

The deed is as follows:

“This Indenture, made this 12th day of August, A. D. 1902, Witnesseth:

That I, Roberta Ethel Mary Chittenden, of Chicago, Illinois, hereby transfer, co'nvey, assign and quit-claim unto The Northern Trust Company, of Chicago, Illinois, as trustee, the following securities and property, to-wit:

1. A mortgage for ten thousand ($10,000) dollars (less interest due thereon August 24, 1902, which is to be paid to me).

2. Twenty-five (25) shares United States Steel preferred stock, for which I paid $2,265.63.

3. The sum of five thousand ($5,000) dollars in cash from the money now on deposit to my credit in said, The Northern Trust Company—my balance for July as shown by July statement, being $5,576.27.

4. All interest I may have in a certain contract for the purchase of the premises, 7412 Princeton avenue, on which I have paid two hundred dollars ($200).

To have and to hold said securities and property subject to the following trusts and conditions:

During the period of trusteeship herein created, said trustee shall manage, control and care for said property in accordance with its best judgment and discretion, and is fully authorized to sell and convey any of said property and reinvest the proceeds thereof, and also to carry out and complete the contract for purchase of 7412 Princeton avenue, above referred to. During my life said trustee shall pay me from the income and principal, if necessary, of said property, the sum of two hundred and fifty ($250) dollars per month, should I choose to draw that much; also my expenses to England, whenever I may go there. Immediately upon my death, said trustee, shall pay such debts and funeral expenses as are not paid, out of my remaining estate, and any balance of said trust funds that may be in the hands of my said trustee at the time of my death shall be paid as follows:

One thousand ($1,000) dollars shall be paid to my husband, Boy T. Chittenden, provided and whenever he legally transfers the custody of my child, Roberta Elizabeth Edith Chittenden, to a guardian for said child, selected under the terms of this instrument. I hereby name and appoint Mrs. Gerald Richardson, 23 Kelvinside Terrace, Glasgow, Scotland, and Mrs. S. J. Walford, Barnesley Park, Hill Moseley, near Birmingham, England, as guardians of the person of said child, and direct my said trustee to pay to them, or either of them, such sums out of the income and principal, if necessary, as they or either of them may notify said trustee are necessary for the comfortable support and maintenance and education of said child. In case of the death, or refusal to act of one of said guardians, then the other one shall be sole guardian; and in case of the death or refusal to act of both of my said guardians after my death, they shall have the power to and are hereby directed to appoint a guardian for my child, and in case they should die, or refuse, or fail to act before my death, then the guardian of my child shall be whatever person or persons I may appoint, such appointment to be evidenced by a written notice to said trustee. In case at any time a guardian should not be appointed under the terms aforesaid, said trustee is authorized to appoint and select such guardian, provided that such guardian shall not be my husband or any relation of his, and in case the guardian be any person other than the said Mrs. Waif or d and Mrs, Bichardson, said trustee shall make payments to said or such guardian in the same manner that is above provided for payment to said Mrs, Waif or d and Mrs. Bichardson.

In case my husband refuses to part with the custody of my said child, I direct that the income be allowed to accumulate and be added to the principal, inasmuch as my husband will necessarily support the child in such case, but even if the child remains in the custody of my husband, said Northern Trust Company shall in its discretion use such portion of the income and principal as it may deem best for the support and education of said child; provided such use is necessary, payments to be made to such child personally, if thought advisable.

As soon as said child reaches the age of twenty-one (21) years, to wit, on January 11, 1923, said trustee shall transfer and convey the remaining estate to said child, and this trust shall terminate. In case said child shall die before reaching the age of twenty-one years, leaving a child or children surviving, or leaving a valid last will and testament, said trustee .shall distribute said trust estate in accordance with the terms of said will, or in equal portions to such surviving child or children; and in case of the death of my said child leaving no valid will and no child, then said trustee shall distribute said trust estate in accordance with the directions of the above-mentioned Mrs. Richardson and Mrs. Walford, or the survivor of them, they to select as beneficiaries thereof such of my relatives or friends as they may deem most in need, except that-neither my husband or his relatives shall be among such beneficiaries.

Said trustee shall receive reasonable compensation for its services hereunder, and shall be allowed to employ such attorneys and agents as may be necessary to protect this trust and trust estate, and their compensation shall be paid out of said trust estate.

In Witness Whereof, I have hereunto set my hand and seal the day and year first above written.

Roberta Ethel Mart Chittenden. [Seal].”

It is claimed by the plaintiff in error that this deed is void for three reasons: First, because it is un-

certain as to the subject-matter of the trust; second, because it is uncertain as to the objects of the trust; and third, because it violates the rule against perpetuities.

. Wé do not think any of these contentions well made. The argument in favor of the first one is that as Mrs.

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Cite This Page — Counsel Stack

Bluebook (online)
130 Ill. App. 508, 1906 Ill. App. LEXIS 659, Counsel Stack Legal Research, https://law.counselstack.com/opinion/keyes-v-northern-trust-co-illappct-1906.