Perotti v. First National Bank

404 P.2d 222, 195 Kan. 190, 1965 Kan. LEXIS 382
CourtSupreme Court of Kansas
DecidedJuly 10, 1965
Docket44,084
StatusPublished
Cited by22 cases

This text of 404 P.2d 222 (Perotti v. First National Bank) is published on Counsel Stack Legal Research, covering Supreme Court of Kansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Perotti v. First National Bank, 404 P.2d 222, 195 Kan. 190, 1965 Kan. LEXIS 382 (kan 1965).

Opinions

The opinion of the court was delivered by

Hatcher, C.:

This is an appeal from a judgment in an action to construe a will which held a devise in trust void as in violation of the rule against perpetuities.

The facts material to the determination of the controversy are not in dispute.

D. N. Freeman died December 21, 1959, leaving a will which he had executed November 10, 1955.

Although it may burden this opinion an attempt to construe the instrument will be meaningless unless we present the verbatim language used by the testator. Only the portions of the will essential to the determination of the questions before us will be considered. The will provides insofar as material to the issues to be determined as follows:

First Article
“I hereby direct that all my just debts, including the expenses of my last illness and funeral expenses, the expenses of the administration of my estate and all Federal and state inheritance, succession and estate transfer taxes or charges be paid out of the corpus of my estate by my executor as soon after my decease as is practical.
Second Article
“I hereby give, devise and bequeath to my daughter, Margaret Elizabeth Perotti, the sum of Five Thousand Dollars ($5,000) in cash.
[192]*192Third Article
I hereby give, devise and bequeath to my granddaughter, Nancy Ann Braile, the sum of Five Thousand Dollars ($5,000) in cash.
Fourth Article
"All the residue of my estate, after satisfying the charges thereon hereinbefore mentioned, I hereby give, devise and bequeath to the NATIONAL BANK OF TOPEKA, Topeka, Shawnee County, Kansas, or its successors, as Trustee, in trust nevertheless for the benefit of my daughter, Margaret Elizabeth Perotti, my granddaughter, Nancy Ann Braile, Linda Locke, adopted daughter of my daughter, Margaret Elizabeth Perotti, and Margaret Annan Freeman, widow of my deceased son, Duane A. Freeman, to be used for their use and benefit in the manner hereinafter described and designated.
"This Trust shall be administered and distributed as follows:
“I hereby direct my Trustee, upon the termination of probate of my estate, out of the property transferred to it by my Executor, and the income therefrom, to pay to the beneficiaries of the trust as follows:
“1. To my daughter, Margaret Elizabeth Perotti, or to her duly appointed and qualified guardian, if my said daughter shall survive me, during the lifetime of my said daughter, so much as shall be necessary to provide her with the necessities of life, such payments to be made monthly in sums not to exceed Two Hundred Fifty Dollars ($250.00), provided, however, that should the condition of the health of my daughter be such that any additional medical and/or hospital expense should become necessary or advisable, then in that event, my Trustee is hereby authorized to expend such sums as may be necessary for such medical expense and/or hospitalization. Upon the death of my said daughter, my Trustee is empowered to spend such sum as may be necessary to cover all funeral expenses.
"2. To my granddaughter, Nancy Ann Braile, if my said granddaughter shall survive me, the sum of One Hundred Fifty Dollars ($150.00) per month, payable monthly, so long as she may live, provided, however, that should medical expense and/or hospital expense become necessary at any time, then in that event my Trustee is hereby authorized to expend such sums as may be necessary for such medical expense and or hospitalization. Upon the death of my said granddaughter, my Trustee is empowered to spend such sum as may be necessary to cover all funeral expenses.
“3. To Linda Locke, the adopted daughter of my daughter, Margaret Elizabeth Perotti, or to her guardian if she be a minor at the time of my death, if the said Linda Locke shall survive me, the sum of Fifty Dollars ($50.00) per month, payable monthly, until she shall have received a total num of Four Thousand Dollars ($4,000).
"5. In the event that none of the above named beneficiaries be living at the time of my death and if my daughter, Margaret Elizabeth Perotti, and my granddaughter, Nancy Ann Braile, shall have left issue of their bodies surviving at the time of my death, then in that event the entire net income from the trust estate hereby created shall be paid one-half (%) to the issue of my daughter, Margaret Elizabeth Perotti, share and share alike, and one-half (%) to the issue of my granddaughter, Nancy Ann Braile, share and share [193]*193alike, and at the death of such issue, to the issue of their bodies until the youngest shall have reached the age of twenty-one (21) years, at which time the trust shall be terminated and the residue of the estate remaining in the hands of the trustee shall be distributed to such issue as may be then living.
“In the event that none of the above named beneficiaries be living at the time of my death and if either my daughter, Margaret Elizabeth Perotti, or my granddaughter, Nancy Ann Braile, shall have died without issue living at the time of my death and the other shall have left issue surviving at the time of my death, then in that event the entire net income from the trust estate hereby created shall be paid to the issue of either my said daughter or my said granddaughter, whichever leaves issue surviving at the time of my death, and at the death of such issue, to the issue of their bodies until the youngest shall have reached the age of twenty-one (21) years, at which time the trust shall be terminated and the residue of the estate remaining in the hands of my Trustee shall be distributed to such issue then living.
“6. If none of the above named beneficiaries survives me and if both my daughter, Margaret Elizabeth Perotti, and my granddaughter, Nancy Ann Braile, shall have died without issue of their bodies surviving, then in that event I hereby direct my Trustee to pay the residue of my trust estate hereby created to Community Hospital of Beloit, Kansas.
“7; If at any time during the administration of the trust, the income from the trust shall not be sufficient to make the payments provided for herein, my Trustee is hereby authorized, in its discretion, to make such payments from the corpus of the trust.
“8. I hereby direct that my Trustee herein named shall serve without bond.
Fifth Article

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Perotti v. First National Bank
404 P.2d 222 (Supreme Court of Kansas, 1965)

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Bluebook (online)
404 P.2d 222, 195 Kan. 190, 1965 Kan. LEXIS 382, Counsel Stack Legal Research, https://law.counselstack.com/opinion/perotti-v-first-national-bank-kan-1965.