Lewis v. Lewis

2 P.2d 131, 53 Nev. 398, 1931 Nev. LEXIS 38
CourtNevada Supreme Court
DecidedSeptember 5, 1931
Docket2932
StatusPublished
Cited by43 cases

This text of 2 P.2d 131 (Lewis v. Lewis) is published on Counsel Stack Legal Research, covering Nevada Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Lewis v. Lewis, 2 P.2d 131, 53 Nev. 398, 1931 Nev. LEXIS 38 (Neb. 1931).

Opinions

*400 OPINION

By the Court,

Guild, District Judge:

This is an appeal from an order made and entered on the 30th day of January, A. D. 1930, modifying and amending the judgment and decree of divorce of the respective parties made and entered in the district court of Washoe County on the 16th day of April, 1928.

The appellant here was the plaintiff in the court below, and the respondent was the defendant in the court below. The parties will be referred to as plaintiff and defendant.

Previous to the granting of the decree, and during the pendency of the divorce action, plaintiff and defendant, upon March 15, 1928, entered into a written property settlement agreement, a portion of the language of which is as follows:

“Third: The parties hereto shall, on the execution of this agreement transfer, assign and set over to the Guaranty Trust Company of the City of New York as trustee certain securities, representing part of the earnings and savings of the party of the first part and having a present market value of at least fifty thousand (50,000) dollars, the names and amounts of said securities being set forth in a schedule hereto annexed and made part hereof. Said trust company shall hold said securities under a trust deed to be executed by it and the parties hereto, and to be made a part of this agreement. The substance of the trust is as follows:

“The trustee is to receive, hold, manage, sell, invest and reinvest the trust fund and every part thereof, and to collect, recover and receive the issues, interest and income thereof, and after deducing its lawful commissions and disbursements, to pay the issues, interest and *401 income to the party of the second part for the use and benefit and for the support, education and care of Wells Lewis until he shall attain the age of twenty-five (25) years; after the said Wells shall attain the age of twenty-five (25) years, or should he die prior to that time then upon his death the said trustee shall pay the issues, interest and income to the party of the second part for her own use for the term of her natural life and whether or not she may remarry.

“Upon the death of the party of the second part after the said Wells Lewis shall have attained the age of twenty-five (25) years, or upon the death of the party of the second part and of Wells Lewis before he shall have attained the age of twenty-five (25) years, the trust hereby created shall forthwith cease and determine, and the trustee shall transfer, assign, pay over and deliver the principal thereof unto the party of the first part or his executors, administrators or assigns. Upon the death of the party of the second part before Wells reaches the age of twenty-five (25) years, then the trust company itself shall apply the income for the support, education and maintenance of Wells until he attains the age of twenty-five years.

“The details for carrying out the trust will be set forth in the separate trust deed or agreement herein-before referred to. The trustee is to have sole control of the fund and of the character of the investments to be made thereunder, subject, however, to the approval of the party of the second part.

“Fourth: The party of the first part has already given to the party of the second part toward her support and maintenance the sum of Fifty thousand (50,000) dollars in cash and securities, the receipt whereof she hereby acknowledges.

“Fifth: The party of the first part further agrees to continue to pay to the party of the second part while the parties remain alive the sum of one thousand (1,000) dollars monthly or twelve thousand (12,000) dollars annually. In the event of the remarriage of the party of the *402 second part this obligation shall forthwith cease and the party of the first part shall no longer be obligated to make any further payments.

“It is understood and agreed, however, that the foregoing payments are based on an average gross annual income of the party of the first part of forty-eight thousand (48,000) dollars, and that should at any future time said gross annual income fall below forty-eight thousand (48,000) dollars the party of the first part shall have the right to apply to the court for a reduction in the payment of alimony to a sum equal to one-fourth of the then gross annfial income of the party of the first part, such payments to continue as reduced until his gross annual income shall again reach forty-eight thousand (48,000) dollars or more. In no event, however, shall the present allowance of one thousand (1,000) dollars a month to the party of the second part be increased.”

The decree went to the plaintiff in the court below, and the court in its findings, among other things, found:

“That there is no community property belonging to the plaintiff and the defendant to be divided by the court, but that the said parties have entered into an agreement under date of March 15, 1928, wherein the plaintiff is awarded full custody of the said child with certain rights of visitation being reserved unto the defendant.

“The court further finds that under said agreement a trust fund of Fifty Thousand Dollars has been established with the Guaranty Trust Company of New York City, the income of which shall be applied to the care, support and maintenance of the said child, Wells, until he reaches the age of twenty-five years, or in the event of the death of the said child, Wells, the income from said trust fund shall be paid to the plaintiff during her natural life.

“That said agreement further provides that the defendant will pay to the plaintiff the sum of One Thousand Dollars a month on the first day of each and every month so long as the plaintiff shall not remarry; but that should *403 the income of the defendant at any time fall below the sum of Forty-eight Thousand Dollars a year, the defendant will have the right to apply for a reduction of said monthly alimony to a sum equal to one-fourth of his annual income.

“The Court further finds that said agreement is for the best interests of the said child and makes reasonable provision for the support of the plaintiff and of the said child, Wells Lewis.”

“That the said agreement entered into between the plaintiff and the defendant under date of March 15,1928, be, and the same is hereby ratified and confirmed and made a part of the decree of this court; that the plaintiff is hereby awarded custody of the said child, Wells Lewis, as provided in said agreement, with all reasonable rights of visitation being reserved unto the defendant, and that the defendant shall have the right to have said child, Wells Lewis, visit him at such time as may be mutually agreeable to both parties;

“It is further ordered that the defendant make the payments provided for in said agreement, to-wit:

Free access — add to your briefcase to read the full text and ask questions with AI

Related

Wisman v. Wisman
608 P.2d 1110 (Nevada Supreme Court, 1980)
Lemkuil v. Lemkuil
551 P.2d 427 (Nevada Supreme Court, 1976)
Estate of Robinson v. Commissioner
63 T.C. 717 (U.S. Tax Court, 1975)
Leeming v. Leeming
490 P.2d 342 (Nevada Supreme Court, 1971)
Estate of Barrett v. Commissioner
56 T.C. 1312 (U.S. Tax Court, 1971)
Jones v. Jones
478 P.2d 148 (Nevada Supreme Court, 1970)
Joslin v. Commissioner
52 T.C. 231 (U.S. Tax Court, 1969)
Chemical Bank New York Trust Company v. United States
249 F. Supp. 450 (S.D. New York, 1966)
Day v. Day
395 P.2d 321 (Nevada Supreme Court, 1964)
Solley v. Solley
227 Cal. App. 2d 522 (California Court of Appeal, 1964)
Grenz v. Grenz
374 P.2d 891 (Nevada Supreme Court, 1962)
Ballin v. Ballin
371 P.2d 32 (Nevada Supreme Court, 1962)
O'Loughlin v. O'Loughlin
96 A.2d 410 (Supreme Court of New Jersey, 1953)
Koster v. Koster
81 A.2d 355 (Supreme Court of Connecticut, 1951)
Coe v. Coe
71 A.2d 514 (Supreme Judicial Court of Maine, 1950)
Buchanan v. United States
164 F.2d 710 (D.C. Circuit, 1947)
Coe v. Coe
69 N.E.2d 793 (Massachusetts Supreme Judicial Court, 1946)
Isserman v. Isserman
42 A.2d 642 (New Jersey Court of Chancery, 1945)

Cite This Page — Counsel Stack

Bluebook (online)
2 P.2d 131, 53 Nev. 398, 1931 Nev. LEXIS 38, Counsel Stack Legal Research, https://law.counselstack.com/opinion/lewis-v-lewis-nev-1931.