Stevens v. De La Vaulx

65 S.W. 1003, 166 Mo. 20, 1901 Mo. LEXIS 307
CourtSupreme Court of Missouri
DecidedDecember 17, 1901
StatusPublished
Cited by5 cases

This text of 65 S.W. 1003 (Stevens v. De La Vaulx) is published on Counsel Stack Legal Research, covering Supreme Court of Missouri primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Stevens v. De La Vaulx, 65 S.W. 1003, 166 Mo. 20, 1901 Mo. LEXIS 307 (Mo. 1901).

Opinion

VALLIANT, J.

A suit in equity for partition of an estate held by trustees under the will of Patrick M. Dillon, [23]*23tbe plaintiff being a grandson of tbe testator and one of tbe remaindermen under the will, and defendants being the trustees, the life tenants and the other remaindermen.

The court sustained a demurrer to the petition and, plaintiff declining to plead further, a final judgment was rendered for the defendants and the plaintiff appeals.

The petition is to the effect that Patrick M. Dillon died in 1851, leaving a large estate which he disposed of by will, in which among other acts was a devise of real estate in the city of St. Louis to trustees named, for the use of his wife and children during their lifetime, and upon the death of either child leaving issue, such child’s portion to go to his or her children in fee discharged of the trust. By the will the trustees were required to lease the real estate for periods not exceeding twenty years upon the best terms they could procure, of which they were to judge, and collect the rents and profits, and divide them into shares and pay one share each to the widow and children living at the time of the testator’s death; should the widow die, leaving one or more of the children living, her share was to go to them in equal shares, and on the death of one of the children, leaving no issue, Ms or her share was to go to his or her surviving brothers and sisters in equal shares, the share of each daughter to enure to her sole and separate use free from her husband’s control; “and it is my express will that the annual income which may accrue to my children shall not in any mode be anticipated; nor shall the same be in any way assigned, transferred, conveyed or incumbered and in case either of my children....... shall make any assignment, conveyance or incumbrance of his or her interest in my estate, or any part thereof, or of his or her interest in the annual income thereof, or any part of such income, then the interest of such daughter .... or son in the trust fund and the income thereof shall immediately cease and determine and such share and income shall be held by the trustee and shall accumulate during the life of such [24]*24child, and upon his or her death shall be paid over, disposed of and conveyed as is herein directed in case of the death of any of my children. This trust is to continue during the lives of my wife and children, but when any of my children shall die leaving issue the trust as to that child’s share shall cease, and such issue shall immediately take'in full absolute legal title the share of the trust fund and property to which said child shall then be entitled, and the trustees shall convey it accordingly.”

■The testator left surviving him his widow and six children, all of whom are now living, except a son who died without issue, and a daughter, married, who died leaving two children whose interest in the estate has been set apart to them by the trustees and they have no interest in this suit.

The other children all married and all have issue living. The plaintiff being one of two children of one of the testator’s daughters, has a vested estate in remainder of one-sixth of the trust estate. The petition then sets out the interest that each of the defendants, as life tenants and remaindermen, has in the property, and says:

“Plaintiff now alleges that it is manifestly to the interest of all parties concerned, that said estate be partitioned; that the same is rapidly deteriorating in value, and unless partition is had and a share of each party in interest is set apart separately, said estate will greatly depreciate in value, owing to the impracticability of handling same in its present condition, and the multiplicity of interests therein. That the •real estate of said estate consists of many different pieces of property, improved and unimproved, and to properly manage said property and preserve and keep it in repair, so that it may yield an income, very large expenditures are required, and that under said will no improvements can be made by said trustees and no money expended for erecting improvements and under present conditions surrounding the property, expenses of ■ management are very largely out of proportion to [25]*25the benefit derived from them. That by adhering to and following the requirements of the will it is impossible to eare for and manage to a profit- said estate. That the trustees have no funds with which to make the needed improvements, nor any authority to make the same, and no power to borrow money, and that said property .is in such a condition that unless improvements are made, and said estate so placed that it can be improved and preserved, said estate within a few years will become almost valueless.”

The petition then goes on to state that the income for the life tenants is decreasing every year, that plaintiff is himself in debt, and is threatened with suit, and a sale of his estate in remainder to satisfy the debts, and has not the means to protect his interests in the event of such proceedings against him, although his indebtedness is small compared with the value of his interest in-the trust estate if he could put it in an available condition; that the property is not susceptible of partition in kind, but will have to be sold for partition. The prayer of the petition is that the property be sold for partition and that out of the proceeds the value of the interests of the several life tenants, to be computed, be paid, and the balance paid to the remaindermen as their several interests may appear, or if the court should be of the opinion that that can not lawfully be done, then that the value of the life estate of the testator’s widow be computed and paid to her in cash, and that the .respective interests of the surviving children and their.issue be set apart to them in groups, a trustee appointed for the property set apart to each group with full power to sell, improve, etc.

The argument for appellant shows that however wise and well adapted to the conditions that existed fifty years ago the terms of the will may have been, they so hamper the estate in the hands of the trustees now as to greatly impair its productiveness and market value, and the deduction is made that if the testator could have foreseen the present conditions he [26]*26would not bav© so tied up the estate. The force of that argument may be conceded, but courts have no power to grant relief against the result of a business transaction simply on the ground that experience has shown it to have been unwise or improvident. Courts have no more authority to amend a will than they have to amend a contract. As men must abide the consequences of their own miscalculation when they go into a business venture, so must the beneficiaries under a will take what is given them, burdened with the conditions that the testator has seen fit to impose, whether wise or unwise.

Our statute expressly provides: “No partition or sale of lands, tenements or hereditaments, devised by any last will, shall be made under the provisions of this article, contrary to the intention of the testator, expressed in any such will.” [Sec. 4383, R. S. 1899.] It would be impossible to express in clearer terms an intention that the property should be -held together and managed by the trustees during the lifetime of the life-tenants, than the testator in this will has done. His intention was not.

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Cite This Page — Counsel Stack

Bluebook (online)
65 S.W. 1003, 166 Mo. 20, 1901 Mo. LEXIS 307, Counsel Stack Legal Research, https://law.counselstack.com/opinion/stevens-v-de-la-vaulx-mo-1901.