Prewett v. Land

36 Miss. 495
CourtMississippi Supreme Court
DecidedOctober 15, 1858
StatusPublished
Cited by3 cases

This text of 36 Miss. 495 (Prewett v. Land) is published on Counsel Stack Legal Research, covering Mississippi Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Prewett v. Land, 36 Miss. 495 (Mich. 1858).

Opinion

HARRIS, J.,

delivered the opinion of the court.

This cause, with two others involving the same principles (No. 8604, and No. 8605), is submitted to us, on appeal, from the Chancery Court of Monroe county.

The bill was filed, by the appellee, against appellants, to subject the “ trust fund,” in the hands of the trustee, to the payment of an account, for goods, wares, and merchandise (filed as Exhibit B. to the bill), alleged to have been purchased by Mrs. Boggan, one of the beneficiaries, for herself and her children, who are the remaining objects of the trust. A decree was rendered, in the court below, in favor of appellee, for the amount of the account and interest, against appellant, ordering the money to be paid, in three months from the date of the decree, and on failure, directing the commissioner to seize and sell a sufficient amount of the trust property, to pay said sum and costs, and divesting the title of said property out of the trustee, and vesting it in the commissioner for that purpose. From this decree this appeal is prosecuted, and its rendition, both upon the facts in proof, as well as the principles of equity involved, assigned as error.

The doctrines of a court of equity, in subjecting trust property to the payment of the debts of the cestui que trust, are derived from its general jurisdiction to enforce the proper execution of trusts for the advantage of those interested. Courts of equity do not, however, undertake to control the dispositions of grantors, when they are legal; or to mould them into new forms, or to_other or different purposes than those expressed by, or naturally arising out of the instrument of trust. Nor do they assume to create or confer additional rights, benefits, or obligations on the parties, to those originally designed by the grantors. They simply aim to enforce the*execution of such rights, powers, and duties, or such just and beneficial discretion, as are given or contemplated by the instrument creating the trust, when, from any cause, the trustee fails or refuses to discharge his duty, in relation to the trust subject. It was never intended to defeat the beneficial operation of these conveyances, in guarding the objects of the trust against their own extravagance, ignorance, or weakness, as well as against the wickedness of scheming sharpers, who usually profit by their misfortunes. It was not designed, by courts of equity, to make the trustee the [506]*506mere agent of the beneficiaries, to aid them in squandering the estate without the power of restraint or discretion, where both have been vested in them by the deed. In its very nature, a trust is an equitable interest in property, distinct from the legal title or ownership.

In other words (says Judge Story), the legal owner holds -the direct and absolute dominion over the property, in view of the law; but the income, profits, or benefits thereof, in his hands, belongs, wholly or in part, to others; and these uses, benefits, or charges, constitute the trusts, which courts of equity will compel the legal owner, as trustee, to perform in favor of the cestui que trust, or beneficiary.” 2 Story’s Eq. Juris. § 964. Unless some interest, power, or discretion, for that purpose, is vested in the trustee, by the terms of the trust, or by necessary implication, even in a court of equity, the beneficiaries can have no use or property in the corpus of the trust estate, but only a right to the enjoyment of the proceeds, as distinct from the property itself. 2, Story, § 968, p. 313. The cestui que trust, has a property in the use, while the property, or the body of the estate, belongs to the trustee, for the purposes expressed in the grant. Like any other property, this use is alienable, or may be disposed of, in invitum, by operation of law. Hence a married woman may have a separate property, or a use, and may charge it, in the same manner, she may charge her other separate estate in equity; but she has no power to charge, in any manner, by her act, the estate over which she has no control, and the title to which is vested in another. The deed of trust is the law of her title and interest. If the deed, therefore, only entitles her to the proceeds of the trust property, she is incapable, in any manner, of asserting successfully a greater interest than such proceeds, by virtue of the trust. Aylette v. Ashton, 1 Mylne & Craig, 105, 111; 2 Story, § 1397 (note 3). Where, however, the legal title to the property is vested in a trustee, for the benefit of a married woman, and by the terms of the instrument, a separate estate, in the use and enjoyment of the property itself, as well as the proceeds and income, is secured to the wife; she may, in such case, in equity, charge the estate, or corpus, as well as the proceeds.

But even in deeds of trust, making conveyance of property to [507]*507trustees, for the support and maintenance of married women, and their children, or giving discretion to the trustee, to use the corpus of the estate for such purpose, it is obvious, that courts of equity, in the exercise of their undoubted general jurisdiction over the subject of trusts, and to prevent a total failure of justice, as well as the object of the trust, will compel the trustee to its performance. See 2 Story, § 961, p. 310. In such cases, while the court will thus control the discretion of the trustee, it will not make the extravagant or reckless conduct of the beneficiary the measure of its discretion, but will see that the power it exerts is a necessary and proper one, for the benefit of all concerned, and that its exercise is demanded for the preservation of the subject, or the present and future interests of the beneficiaries.. It will not allow its discretion to be forced into subservience to the indiscretion of improvident beneficiaries or inhuman chapmen, who have produced the necessity which they plead.

Were we to admit, therefore, that in the case before us, both the trustee and the court, by the terms of this deed, have the power to direct the sale of a portion of the trust property to pay this debt, the question arises, ought the court to compel the trustee, under the circumstances here, to exercise it.

It is admitted, that where discretion is thus given, it is only limited in its exercise by the necessity which invokes its aid, and to the means at command. Nor will the court look alone to the future, in the exercise of its power, but it will regard with favor the claims of those whose generosity or charity has led them to relieve the wants and necessities which the trustee should have satisfied out of even the body of the estate, if it could not have been done otherwise. But while the court will be thus liberal in its discretion to the benevolent and upright, it is called upon by every principle of duty, justice, and humanity, to watch with unremitting care and jealousy, the improvident contracts and liabilities, which are thus presented for its sanction, and against which these trusts are usually designed to guard.

The proof here shows that the defendant, Mary Ann Boggan, the mother of the other beneficiaries, and who has contracted this debt, has only a life estate in the proceeds of the property, to be enjoyed in common with her children; they are all to be main[508]*508tained and supported out of it, at tbe discretion of the trustee, under the control of a court of chancery. To allow her,

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Related

Nebhan v. Mansour
139 So. 166 (Mississippi Supreme Court, 1932)
Palmer v. Lowery
1 Miss. Dec. 579 (Mississippi Supreme Court, 1884)
Dibrell v. Carlisle
48 Miss. 691 (Mississippi Supreme Court, 1873)

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Bluebook (online)
36 Miss. 495, Counsel Stack Legal Research, https://law.counselstack.com/opinion/prewett-v-land-miss-1858.