Seibert Trust

71 Pa. D. & C. 76, 1949 Pa. Dist. & Cnty. Dec. LEXIS 229
CourtPennsylvania Court of Common Pleas, Philadelphia County
DecidedSeptember 26, 1949
Docketno. 9006
StatusPublished

This text of 71 Pa. D. & C. 76 (Seibert Trust) is published on Counsel Stack Legal Research, covering Pennsylvania Court of Common Pleas, Philadelphia County primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Seibert Trust, 71 Pa. D. & C. 76, 1949 Pa. Dist. & Cnty. Dec. LEXIS 229 (Pa. Super. Ct. 1949).

Opinion

Alessandroni, J.,

The Provident Trust Company of Philadelphia has filed two accounts as the remaining trustee under deed of trust executed by Robert Samuel Seibert, on March 24,1913. The first account is a statement of the transactions of the trustee under the trust for the benefit of the First Methodist Episcopal Church of Mount Union and Edith R. Dunkle, and the second under the trust for the benefit of William Seibert Sampson.

The same question is involved in each and the facts are not in dispute. It appears from the statements of proposed distribution that Robert Samuel Seibert [78]*78named the Provident Life and Trust Company of Philadelphia (now Provident Trust Company of Philadelphia) and Gertrude Woodcock Seibert, trustees, and directed them to pay him the entire income during his life and upon his death, after paying certain sums out of the principal, all of which payments have long since been made, to pay specified monthly sums to five life tenants, being his widow, brothers, sister and a nephew. The deed of trust further provided that upon the death of the sister, the trustees were to pay $25 per month to William Seibert Sampson if he lived continuously with and remained in the family of the sister during her life. The widow was entitled to receive the share of income payable to any beneficiary who predeceased her, and, at her death, the trustees were directed to divide the income among the surviving life tenants until the time set for distribution of principal. At the death of the widow, it was provided that one half of the monthly sum of $300, to which she had been entitled, should be divided among the First Methodist Episcopal Church of Mount Union, Edith R. Fisher (later Dunkle), and Lucy Love Wolfgang. At thé death of the latter two, the share of each was to be paid to the church, so that ultimately it would secure the sum of $150 per month perpetually. The balance of the income, which the widow had been entitled to receive during her lifetime, was directed to be divided among the two brothers, sister and nephew of the settlor until a time set for the distribution of the principal.

The settlor ordered a distribution of principal upon the death of the last survivor of his brothers, sister, and widow, directing, however, that suitable provision be made for the perpetual monthly payments to the church, and the monthly payments for life to William Seibert Sampson, Edith R. Fisher and Lucy Love Wolfgang.. The settlor provided that the principal to [79]*79be distributed at that time was to be divided among the persons who, under the intestate laws of Pennsylvania, “would have been entitled to take and receive the same as the then living heirs-at-law of said Robert Samuel Seibert if he had then died . . . intestate . .

In providing for distribution, settlor directed that the share of principal Robert Milton Seibert, his nephew, might receive as a survivor, should be held in trust for him, and after his death be divided among the then living heirs at law of settlor according to the intestate laws. Upon the receipt of the distributee’s share of principal, however, the specified monthly payment to him was to cease.

Settlor died on May 23, 1913, shortly after executing the deed of trust. In 1935 all the individuals entitled to receive monthly payments having then deceased, with the exception of Robert Milton Seibert, William Seibert Sampson, and Edith R. Fisher (now Dunkle), principal became distributable in accordance with the provisions of the trust. An account was filed by the trustees, and in the petition for distribution, it was suggested that, after retention of a sum sufficient to pay the monthly benefit to the church, William Seibert Sampson and Edith R. Fisher, the parties entitled to distribution as the heirs at law of settlor, determined as of the date of death of the last survivor, were his nephew, Robert Milton Seibert, three children of a deceased brother and four grandchildren of a deceased brother. The petition further averred that settlor’s sister died March 15,1934, without issue, but that she had adopted William Seibert Sampson on August 30, 1929.

The court accordingly ordered distribution of the principal in accordance with the petition, and reserved out of the fund sufficient amounts to insure monthly payments to the church, Edith R. Dunkle and William [80]*80Seibert Sampson, in the amounts specified in the deed of trust. Our late brother Lamberton, J., foresaw at that early time the era of declining returns oh invested capital, and ordered the trustees to retain a sufficient amount of principal so that the monthly payments would be assured at a yield of three percent on the principal. No provision was made for the payment of any share of the principal to the adopted son of settlor’s sister since, at that time, the decisions of our appellate courts interpreting the provisions of the Intestate Law did not recognize an adopted child as a distributee under such circumstances.

Fortunately, by reason of the successful management of the trust, there is presently an accumulation of excess income, and we are asked to determine to whom this sum is payable and, more particularly, whether the adopted son of the deceased sister of settlor is entitled to share in the distribution.

All parties in interest have received notice of the filing of this account and have waived an income account prior to December 11, 1947. All parties who might have an interest in the fund now before this court for distribution are the same as the parties who were before this court upon the filing of the account in 1935. The fund is not subject to the payment of any inheritance tax.

Counsel for William Seibert Sampson contends that he was omitted erroneously from distribution as an heir of settlor in the accounting filed in 1935 and under the doctrine of equalization asks that the fund now before this court, as well as all excess income in the future, be awarded to him until the alleged inequality is corrected. This claim is resisted by settlor’s nephew and one other heir on several grounds which we shall discuss ad seriatim.

It is initially contended that the former decree of distribution was not the result of an error at law and [81]*81that William Seibert Sampson was not an heir of settlor entitled to share in the distribution, since he was adopted after the date of the deed of trust and the death of settlor. In ascertaining the intent of settlor, it appears that when he created the deed of trust he had no issue and clearly did not contemplate the possibility of issue. He provided primarily for his widow and secondarily for his brothers and sister. Minor provision was also made for his nephew as well as William Seibert Sampson whom he described as a son of his cousin who had been raised by his sister. The intervening life tenancies created by this deed of trust establish the persons whom settlor wished to favor to the extent of his bounty. It is clear that after their deaths, settlor, having provided for the charitable bequest, determined that the distributees should be ascertained in accordance with the intestate laws of the Commonwealth of Pennsylvania. This, he assumed, would provide the necessary machinery for an equitable distribution among an unascertained, and at the time of the creation of the trust, an unascertainable class of persons..

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Bluebook (online)
71 Pa. D. & C. 76, 1949 Pa. Dist. & Cnty. Dec. LEXIS 229, Counsel Stack Legal Research, https://law.counselstack.com/opinion/seibert-trust-pactcomplphilad-1949.