Third National Bank in Nashville v. Stevens

755 S.W.2d 459, 1988 Tenn. App. LEXIS 246
CourtCourt of Appeals of Tennessee
DecidedApril 15, 1988
StatusPublished
Cited by15 cases

This text of 755 S.W.2d 459 (Third National Bank in Nashville v. Stevens) is published on Counsel Stack Legal Research, covering Court of Appeals of Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Third National Bank in Nashville v. Stevens, 755 S.W.2d 459, 1988 Tenn. App. LEXIS 246 (Tenn. Ct. App. 1988).

Opinion

OPINION

TODD, Presiding Judge.

This is a suit by a testamentary executor/trustee for a declaratory judgment as to the identity of the beneficiaries of the trust. The defendants, Charlotte Bowman Jakes and Jill Bowman Jakes have appealed from a judgment adverse to their interests. The plaintiff-executor/trustee is a nominal appellee, and has filed no brief in this Court. The active appellees are the other captioned defendants.

The Will

On December 19, 1962, Ed F. Jakes executed his last will and testament. After certain specific bequests, the will provided:

ITEM III: I give, devise and bequeath all of the rest, residue and remainder of the property I may own or have an interest in at the time of my death, real, personal, or mixed, and wheresoever situate, to my Trustee hereinafter named, for the following uses and purposes to wit:
(a) My Trustee shall divide the Trust into two equal parts with one of such equal parts to be designated as Trust Fund A and the other equal part to be designated as Trust Fund B. Trust Fund A shall be held for the use and benefit of Robert 6. Jakes and/or his bodily issue, if any, and he or they shall receive the net income therefrom but at the death of Robert G. Jakes, either before or after my death, if he shall leave no bodily issues surviving him, then Trust Fund A shall be merged into Trust Fund B and shall go to the same beneficiaries as those I shall designate to receive Trust Fund B.
(b) If, however, my son, Robert G. Jakes shall leave bodily issue surviving him, then Trust Fund A shall be held for the benefit of his bodily issue in equal shares until each of the said issue attains the age of twenty-one (21) years with the net income to be distributed for the use and benefit of said issue during his or her minority. Each said issue shall be entitled to receive outright his or her portion of the Trust upon attaining the age of twenty-one (21) years.
(c) The beneficiaries of Trust Fund B shall be my son, E. Hays Jakes, his wife, Charlotte Bowman Jakes, and his daughter, Miss Jill Bowman Jakes. My said son shall be entitled to receive one-half (V2) of the net income accruing to the said Trust Fund B during his lifetime and upon his death my granddaughter, Miss Jill Bowman Jakes, shall receive that portion of the income which had formerly been paid to him.
(d) The other one-half (¥2) of the net income of Trust Fund B shall be paid to Charlotte Bowman Jakes, wife of my son, E. Hays Jakes for and during her lifetime for so long as she remain his widow. Upon her death or upon her remarriage her interest in the Trust shall cease and the net income accruing to this one-half (V2) of Trust Fund B shall then be paid to my granddaughter, Miss Jill Bowman Jakes for and during her lifetime.
(e) The share of my Trusts which shall be held for the use and benefit of my said granddaughter shall be governed by the following terms and conditions: During the lifetime of my said granddaughter, my Trustee shall pay over in convenient installments not less often than quarter-annually to her, or for her use and benefit, all of the net income and such amounts of the principal as, in the discretion of my said Trustee, may be necessary or advisable to provide for her happiness, comfort and general welfare and to maintain her in accordance with the standard of living to which she has become accustomed, keeping in mind the size of the trust estate and the sources of funds or income available to her elsewhere.
(f) If any of the principal of the Trust remains undistributed to my said granddaughter at the time of her death and she shall die leaving issue surviving, then whatever remains shall be paid over in equal shares to or for the benefit of [461]*461her issue, but if she should die without issue, then whatever remains undistributed at her death shall be paid over or delivered to such person or persons as would have been entitled to inherit the said property as heirs and distributees of mine under the laws of Tennessee applicable to the distribution of intestate property.

The Facts

As indicated in the will, the testator had two sons, Robert Jakes and Hays Jakes.

In 1933, Hays Jakes married Charlotte Bowman, and they had one child, Jill Jakes. Hays Jakes died in 1973, survived by his wife and daughter. Charlotte Jakes has not remarried, and Jill Jakes has never married. They survive and are parties to this suit.

In 1960, Robert Jakes married Jewel Leek Benderman. No children were bom to this marriage. On January 6,1963, Robert Jakes adopted Beverly and Susan Bend-erman, daughters of Jewel Leek Bender-man Jakes by a previous marriage. Jewel Jakes died in 1972. Robert Jakes died September 15, 1986. Beverly is now Beverly Jakes Stevens and Susan is now Susan Jakes Fuqua; and both are parties to this suit.

Ed Jakes died in 1965. The will was duly probated and the trust was duly administered until the death of Robert Jakes in 1986 when the question arose as to whether the two adopted daughters, Beverly and Susan, were the beneficiaries of Trust Fund A, or whether Trust Fund B merged with Trust Fund B for lack of bodily issue of Ed Jakes.

The Statute

In 1962, when Ed Jakes executed his will and in 1965, when he died, T.C.A. § 36-126 (now § 36-1-126) read as follows:

36-126. Effect of adoption on relationship. — The final order forthwith shall establish the relationship of parent and child between the petitioners and the child as if such child had been bom to them in lawful wedlock, and from the date of the signing of the final order of adoption, the child shall be entitled to inherit real and personal property from the adoptive parents, and from other adopted children within the adoptive family, or from natural bom children within the adoptive family in accordance with the statutes of descent and distribution, and such adopted children or natural bom children to the adoptive parents shall inherit from him, but only property of the child acquired after his adoption. Also the adoptive parents shall be entitled to inherit from the adopted child both real and personal property acquired from relatives of the adoptive parents. It is the intent of this chapter to preclude all heirs of the adoptive child except those within the adoptive family, lineal descendants, or spouse, from sharing in any part of the estate of the adoptive parents or the estate of relatives of the adoptive parents. [Acts 1951, ch. 202. § 23 (Williams, § 9572.37); 1955, ch. 302, §§ 1, 2; 1957, ch. 345, § 1.]

The present § 36-l-126(c) reads as follows:

(c) In the construction of any instrument, whether will, deed or otherwise, whether executed before or after March 29, 1976, and whether the testator or other party creating an interest by such instrument died before or after March 29,1976, or before or after an adoption, a child so adopted and the descendants of such child shall be deemed included within a class created by any limitation contained in such instrument restricting a devise, bequest or conveyance to the lawful heirs, issue, children, descendants, or the like,

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Cite This Page — Counsel Stack

Bluebook (online)
755 S.W.2d 459, 1988 Tenn. App. LEXIS 246, Counsel Stack Legal Research, https://law.counselstack.com/opinion/third-national-bank-in-nashville-v-stevens-tennctapp-1988.