Rand v. Bank of California

390 P.2d 189, 388 P.2d 437, 236 Or. 619
CourtOregon Supreme Court
DecidedJanuary 22, 1964
StatusPublished
Cited by4 cases

This text of 390 P.2d 189 (Rand v. Bank of California) is published on Counsel Stack Legal Research, covering Oregon Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Rand v. Bank of California, 390 P.2d 189, 388 P.2d 437, 236 Or. 619 (Or. 1964).

Opinions

O’CONNELL, J.

This suit was brought by the administrator c.t.a. of the estate of Anna Marie McCormick Gray to obtain a construction of decedent’s will. Michael and Patrick McCormick, decedent’s two minor nephews, who were beneficiaries under the will, appeal. The other defendants have not appealed.

Decedent died on December 24, 1959, two months after she executed her will. The will, having been drafted by the decedent herself, is ambiguous in several particulars. She created a trust to carry out, at least in part, her principal dispositive design, which included the education of her nephews, the payment of a monthly sum to her husband, and. the accumulation of income which, together with a portion of the corpus, was to go to Catholic charities.

The first ambiguity is contained in the following paragraph of the will:

“The property at 1516 N.E. 6th Avenue and at 1535 N.E. 6th Avenue is hereby devised for my nephew Michael E. McCormick for his Catholic high school education and for his Catholic college or university work. y2 of all shares of stocks and y2 of account #104208 at Equitable Savings and Loan Association are to be bequeathed to The Bank of California, N.A. in trust as well as the properties at 1516 N.E. 6th Avenue and at 1535 N.E. 6th Avenue for these purposes.”

[622]*622Defendants contend that the foregoing clause is an outright devise to Michael of the described real property. The trial court held that the real property as well as the shares of stock and the savings account were transferred in trust for Michael’s education. We concur in the trial court’s construction. First it will be noted that the property is devised “for” and not to the nephew, which would indicate an intent to create a trust rather than an outright devise. Secondly, the term “in trust” used in the second sentence was, we believe, intended to refer not only to the shares of stock and the savings account but to the real property as well.

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Related

State v. Worthen
765 P.2d 839 (Utah Supreme Court, 1988)
White v. National Bank & Trust Co.
186 S.E.2d 21 (Supreme Court of Virginia, 1972)
McCormick v. Rand
425 P.2d 488 (Oregon Supreme Court, 1967)
Rand v. Bank of California
390 P.2d 189 (Oregon Supreme Court, 1964)

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Bluebook (online)
390 P.2d 189, 388 P.2d 437, 236 Or. 619, Counsel Stack Legal Research, https://law.counselstack.com/opinion/rand-v-bank-of-california-or-1964.