Leach v. Cowan

125 Tenn. 182
CourtTennessee Supreme Court
DecidedSeptember 15, 1911
StatusPublished
Cited by18 cases

This text of 125 Tenn. 182 (Leach v. Cowan) is published on Counsel Stack Legal Research, covering Tennessee Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Leach v. Cowan, 125 Tenn. 182 (Tenn. 1911).

Opinion

Me. Justice Neil

delivered the opinion of the Court.

Robert Redd Swepson died .on the 2Sd of March, 1902. Prior to that date, that is, on the 30th of November, 1901, he made and published his last will and testament, which was as follows:

[187]*187“I, Robert Redd Swepson, of Knox county, State of Tennessee, being of sound mind and disposing, memory, do make, declare and publish this, my last will and testament, hereby revoking all other wills heretofore made by me.
“1st. I hereby direct that my executor and execu-trixes, hereinafter appointed, pay, as soon after my death as possible, all of my just debts, which are few.
“2nd. It is my will and I hereby direct my executor and executrixes to proceed as rapidly as possible to close up all of my unsettled business and collect in all moneys due and owing to me by bond, bill, note, account, or in any other manner whatsoever and forthwith pay my debts, and place my estate in condition to be transferred to themselves as trustees, as hereinafter provided.
“3rd. I hereby give and bequeath to my cousin, John S. Field, Sr., of Virginia, as a mark of my esteem, the interest upon the sum of two thousand ($2,000) dollars, the same to be paid over to him for and during bis natural life, the principal sum to be held and controlled by the trustees hereinafter appointed, and, upon the death of said John S. Field, the same to become part of my estate and pass under the residuary clause of this will.
“4th. It is my will and I hereby give and bequeath to my niece, Marian Hepburn Dodson, for the term of her natural life, and to her sole and separate use, free from the marital rights of any husband she may have, the sum of ten thousand ($10,000) dollars, the same to be invested, held and controlled by the trustees hereinafter [?]*?appointed, so as to preserve intact the principal, paying over to said niece the interest or income thereof so tong-as she lives.
“Upon her death said principal shall be and become a part of the trust estate created under the seventh clause or section of this will, and pass under said clause.
“5th. I hereby give and bequeath to my nephew, Ebenezer Hepburn Saunders, during his natural life, -the full sum of twenty thousand ($20,000) dollars, the same to be invested, held and controlled by the trustees hereinafter appointed, so as to preserve intact the principal sum, said trustees paying over to my said nephew so long as he lives the interest or income thereof. Upon the death of my said nephew, said principal sum shall be paid over to his lawful issue, share and share alike, per stirpes.
“Should he die leaving surviving no child or children, or deseen dents of children, then said principal sum shall become a part of the trust estate created under the' residuary clause of this will and pass under said clause. ■
“6th. I hereby give and bequeath to the children of my niece, Mary C. Leach, for and during their natural lives, the following sums:
“To John Walker Leach and Ann Swepson Leach, each the sum of twenty-five thpusand. ($25,000) dollars.
“To Robert Swepson Leach, the sum of seventy-five thousand ($75,000) dollars.
[189]*189“Said respective sums to be invested, held and controlled by the trustees hereinafter appointed so as to preserve intact the principal sums, said trustees paying-over to said three legatees, or to their guardian, if minors, the interest or income accruing on said respective sums, so long as each shall live.
“Upon the death of each, the principal sum upon which each is hereby given the interest shall he paid over to the lawful issue of each, share and share alike, per stirpes.
“Should either die leaving no lawful issue, then said principal shall go to the children of the other two legatees provided for under this clause, share and share alike, per stirpes, or in the event only one has children, then to such children share and share alike.
“Should all three of these legatees die, leaving no children nor lawful issue of children surviving, then upon the death of the last one, the said principal sums shall be paid over to the children or descendants of children of my nieces, Virginia Swepson Cowan and Lillian Swepson Spilnian, share and share alike, per stirpes.
“7th. I hereby give, devise and bequeath all of the rest and residue of my estate of every nature, kind and character and description whatsoever and wherever situated to my executor and executrixes hereinafter appointed, as joint trustees to receive, hold, control and manage upon the following uses and trusts:
“The net rents, interest or income of this trust estate shall be paid semiannually to my three nieces— Virginia Swepson Cowan, widow of James D. Cowan, dec’d, Lil[190]*190lian Swepson Spilman and Mary 0. Leach, in the following proportions:,
“To said Virginia Swepson Oowan, forty (40) per cent, of said net income.
“To said Lillian Swepson Spilman forty (40) per cent, of said net income.
“To said Mary O. Leach, twenty (20) per cent, of said net income.
“Said net income herein given to each of my. said three nieces is given to the sole and separate use of each, free from the control and marital right of any husband either of them may ever have, and shall be paid over to each upon-her individual receipts so long as each lives.
“Upon the death of said Virginia Swepson Oowan, the rents, interest or income of this 40 per cent, of the estate shall be paid over to her two children Robert Swepson Cowan and Jeannette Oowan and to any future children she may have, share and share alike, so long as either of said children, Robert Swepson Oowan or Jeannette Cowan is living.
“Upon the death of my said niece, Virginia Swepson Oowan and of both of her said children, Robert S. and Jeanette Oowan, the trust as to this part of my estate terminates, and this part of the principal shall go absolutely in fee to the then living children or lawful issue of children of my said niece, Virginia Swepson Oowan, share and share alike, per stirpes, and should there then be no living children nor issue of children of said Virginia Swepson Cowan, said principal shall go absolutely to the children, or issue of children of my other two [191]*191nieces, Lillian Swepson Spilman and Mary O. Leach, share and share alike, per stirpes.
“Upon the death of said Lillian Swepson Spilman the rents, interest, or income of this 40 per cent, of the estate shall be paid oyer to her two children, Robert Redd Spilman and Lillian Spilman and to any fntnre children she may have, share and share alike, so long as either of said children. Robert Redd Spilman or Lillian Spil-man, is living. '

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Bluebook (online)
125 Tenn. 182, Counsel Stack Legal Research, https://law.counselstack.com/opinion/leach-v-cowan-tenn-1911.