19 Ind. App. 40 | Ind. Ct. App. | 1897
— On November 12, 1895, appellee filed a claim against the estate of appellant’s decedent
A trial by the court resulted in a finding and judgment for appellee for $1,120.90. ,
The only error assigned is overruling appellant’s motion for a new trial, which was asked because the finding is contrary to the law and the evidence, and that it is for too large an amount.
The rent received by decedent for the Greensburg property is barred by the statute of limitations. The tenancy of the Richland property, under the evidence, was a tenancy from year to year and the rent became due at the end of the year. Indianapolis, etc., R. W. Co. v. First National Bank, 134 Ind. 127. The first rent that could be collected is for the year ending in March, 1889. Section 293, Burns’ R. S. 1894.
There was some evidence to show that the money ■sought, to be recovered in the second claim was sent to decedent in 1869 by a Mr. Waite, of Michigan, who was decedent’s brother-in-law, and was money of the father of the children, William Henika, who directed
It is well settled that a trust in personal property may be created by parol. Thornburg v. Buck, 13 Ind. App. 446; Talbot v. Barber, 11 Ind. App. 1; Mohn v. Mohn, 112 Ind. 285; Parks v. Satterthwaite, 132 Ind. 411.
One of the most important of the duties of a trustee ,is to invest the trust fund in such manner that it shall be safe and yield a reasonable rate of income to the cestui que trust, and if the trust estate is money the trustee is chargeable with interest. Stumph v. Pfeiffer, 58 Ind. 472; State, ex rel., v. Sanders, 62 Ind. 562; 1 Perry on Trusts (4th ed.), section 452.
There is undisputed evidence in the record which
Counsel for appellant cite the case of Parks v. Satterthwaite, supra, in support of their view that the case at bar is not a continuing trust and that the statute of limitation is a bar. In that1 case a son, under age, had enlisted in the military service and after his enlistment his father, without the son’s knowledge, collected a bounty that had been offered by the county to each person who would enlist. Suit was not brought until more than fifteen years after the receipt of the money by the father and was not brought until after the father’s death. There was a special finding of the facts in which there was a statement that the father had declared to third persons that he was keeping the money for his son, but there was no finding that the father had agreed to keep the money for his son, and in considering the case this statement of evidence was eliminated from the facts stated by the court. The opinion says: “The difficult question in the case is as to whether the facts stated, excluding mere evidence, show that the deceased agreed with his son to keep the money for him. If he did so agree, then we think it quite clear that it must be adjudged that the
In the absence of any showing to the contrary the presumption is that one-half of the money sent was intended for each of the sisters. The sister Dora died about 1878, leaving as her only heirs her father and appellee. Under' the evidence appellee cannot recover the portion she inherited from her sister.
It is argued that the amount of the recovery is too large, but after a careful consideration of all the evidence we can only conclude that the amount of the judgment is fully sustained by the evidence. Judgment affirmed.
Henley, J., took no part in this decision.