Regents of the University System v. Trust Co.

198 S.E. 345, 186 Ga. 498, 121 A.L.R. 125, 1938 Ga. LEXIS 637
CourtSupreme Court of Georgia
DecidedJuly 1, 1938
DocketNo. 12254
StatusPublished
Cited by20 cases

This text of 198 S.E. 345 (Regents of the University System v. Trust Co.) is published on Counsel Stack Legal Research, covering Supreme Court of Georgia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Regents of the University System v. Trust Co., 198 S.E. 345, 186 Ga. 498, 121 A.L.R. 125, 1938 Ga. LEXIS 637 (Ga. 1938).

Opinions

Bell, Justice.

A husband died, leaving a will bequeathing property in trust for the benefit of his wife until her death, and conferring upon her a power of testamentary disposition as to all or substantially all of the remainder. The main question for decision is whether the wife, under the terms of the will subsequently executed by her, effectuated a valid exercise of the power. Francis-E. Brown-ell died testate in October, 1930. His will, executed in 1926 and duly probated, contained the following provisions: “I give, bequeath, and devise all my property and estate, real and personal, and wheresoever the same may be situated, that I may own or may have any-interest in at the time of my death, to my beloved wife Florence H. Brownell and the Trust Company of Georgia as trustees for the following uses and purposes: The said trustees shall hold my entire estate in trust for the use and benefit of my beloved wife Florance H. Brownell for and during her natural life. My said wife is hereby specially empowered to bequeath and devise all or any part of the property of the trust estate hereby created, to such legatee or legatees as she may see fit, so. as to vest complete fee-simple title free from any remainder or limitation whatever; but if she should fail by her last will and testament to specifically devise or bequeath any part or the whole of said property unto specific legatee or legatees or should dje intestate, then upon her death all the property not so devised or bequeathed by her to specific legatee or legatees shall go in remainder to my two nieces Florence P. Brownell and Lucia Brownell McNear, daughters of my deceased brother Charles H. Brownell, equally share and share alike, absolutely in fee simple, except the sum of one hundred dollars ($100) which I give in remainder to my nephew Clarence D. W. Brownell, son of my deceased brother Clarence D. W. Brownell, and one hun[500]*500dred ($100) dollars which I give in remainder to my nephew Charles L. Brownell, son of my deceased brother Charles H. Brownell. I empower the said trustees to preserve, manage, and control said trust estate, and to sell and convey in fee simple any property herein devised or bequeathed unto them as trustees as aforesaid, at public or private sale, on such terms and in such manner as they may deem best, and to reinvest the proceeds thereof in other property as they may deem best, all absolutely in their discretion and without obtaining any order of any court. After paying all the expenses of administration of my estate and of administering the trust, and the taxes and all other lawful charges, the said trustees shall turn over to my said wife, Mrs. Florence H. Brownell, the entire balance of the income of the trust estate hereby created, and shall preserve the corpus thereof for the benefit of.such persons as will be entitled to it after her death. I appoint as executors of this my last will and testament my beloved wife Mrs. Florence H. Brownell and the Trust Company of Georgia.” Both executors qualified.

The wife, Mrs. Florence Haile Brownell, executed a will in July, 1931, and died in December, 1936. Her will was duly probated. Item 3 disposed of described personal effects and a bond of the face value of $100. This item is not in controversy. Item 4, which is in controversy, chiefly but not solely on the question whether under the will of her husband she was restricted to dispo} sition in fee simple, provided as follows: “Item four (4): My dear husband Francis E. Brownell, by his last will and testament duly probated and recorded in the court of ordinary of Fulton County, Georgia, bequeathed and devised all his property and estate real and personal to myself and the Trust Company of Georgia as trustees for my use and benefit for and during my natural life, and empowered me to bequeath and devise all or any part of the trust estate thereby created to such legatee or legatees as I may see fit. By virtue of the power conferred on me by said will of my husband, I give, bequeath, and devise all the property real and, personal of said trust estate (except any articles that may be included in the bequests made in item third) unto the Trust Company of Georgia as trustee for the following uses and purposes: The said trustee shall hold, preserve, manage, and control all said property for the purpose of paying, to Mrs. Florence P. Brown, [501]*501wife of Marcus F, Brown, of Tampa, Florida, one hundred ($100) dollars per month for and during her lifetime, and to Mrs. Lucia Brownell McNear of 320 Plant Avenue, Tampa, Florida, one hundred ($100) dollars per month for and during her lifetime, and ten ($10) dollars per month to my laundress Emma Sherwood, who now resides on Larkin Street in Atlanta, Georgia, for and during her lifetime and ten ($10) dollars per month to my cook. Aliene Turner, of Atlanta, Georgia, for her lifetime. The said trustee shall also pay the sum of one hundred ($100) dollars to my husband’s nephew Clarence D. W. Brownell, and the sum of one hundred ($100) dollars to my husband’s nephew Charles L. Brownell, which sums of 100 dollars each I give absolutely to said Clarence D. W. Brownell and Charles L. Brownell respectively. Upon the death of any of said four named beneficiaries (Florence P. Brown, Lucia Brownell McNear, Emma Sherwood, and Aliene Turner) the income directed to be paid to such deceased during her lifetime shall thereafter fall into and become a part of the corpus of the trust estate, which shall be allowed to accumulate until the death of the last one of said four beneficiaries, to wit, Florence P. Brown, Lucia Brownell McNear, Emma Sherwood, and Aliene Turner. Said Trust Company of Georgia and its successors shall have power to sell, convey, transfer, and dispose of any of the property of said trust estate publicly or privately, without the order of any court or authority, and to invest and reinvest the proceeds in such manner as it may deem best, without the order of any court or authority. At and after the death of all four of said beneficiaries (Florence P. Brown, Lucia Brownell McNear, Emma Sherwood, and Aliene Turner) the entire corpus of said trust estate, real and personal, except said 200 dollars given to Clarence D. W. Brownell and Charles L. Brownell and except such articles as may be included in the bequests made in item third, shall go to and vest in fee simple in the Trustees of the University of Georgia for the use and benefit of the Georgia School of Technology, of Atlanta, Georgia, and to be known as the ‘ Francis E. Brownell Fund’; the corpus thereof to be preserved and invested and the income thereof to be used for such purposes of said School of Technology as its governing authorities may deem best, who shall have full power to sell and dispose of any of said property publicly or privately and invest and reinvest the proceeds and [502]*502manage and control said property and fund without the order of any court or authority; but none of said fund1 shall ever be used for any other department or branch of the University of Georgia except said Georgia School of Technology. If the Trustees of the University of Georgia should be deprived of their authority over the Georgia School of Technology, the corpus of said trust estate shall go to and vest in such legal governing body of said School of Technology as may be authorized to receive said ‘Francis,E. Brownell Fund’ for the benefit of said Georgia School of Technology, and with the same powers.”

The Trust Company of Georgia, after qualifying as executor and trustee under this will and becoming thus the executor and trustee under both wills, was notified by Mrs. Florence P. Brown, née Brownell, and Mrs.

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Bluebook (online)
198 S.E. 345, 186 Ga. 498, 121 A.L.R. 125, 1938 Ga. LEXIS 637, Counsel Stack Legal Research, https://law.counselstack.com/opinion/regents-of-the-university-system-v-trust-co-ga-1938.