228 S.W. 1068 | Mo. | 1921
By his will, Peter Conrad, created a trust in favor of his daughter, Cornelia M. Worrall. Conrad had but two children, a son and a daughter. At least this seems to be the factStatement. from the face of the will he made. One-half of his property he devised to his son, and the other half was placed in trust to the daughter, Mrs. Worrall. That portion of the will, here involved, reads:
"The other one part so partitioned and divided and one-half of all other property, goods and moneys, I do give and bequeath to the St. Louis Trust Company of St. Louis, Mo., In Trust,However, For The Under-Mentioned Purpose, to-wit: *485
"To pay over all income, earnings and profits arising from such one-half of my property so bequeathed to my daughter Cornelia,For The Maintenance And Support Of Herself And Her Family; and after her death the said property, and the undisposed of earnings and increase thereof to be divided equally, share and share alike, among the children of my said daughter Cornelia, LivingAt The Time Of Her Death if the youngest of her said children has reached the age of 21 years, but if the youngest of said children has not reached that age, then this trust shall continueIn Favor Of And For The Support Maintenance And Education OrAdvancement In Life Until The Youngest Of Said Children BecomesOf That Age, Then To Be Divided Equally Between Those Living AtThat Date, male and female, share and share alike."
Conrad died in 1900, and the St. Louis Trust Co. began the administration of the trust. In 1902 the St. Louis Trust Company changed its name to the St. Louis Union Trust Company, and by that name the trustee has continued its duties to this date. The present suit is one to determine that trust, and the plaintiffs are Mrs. Worrall, and her five children, and the defendant, the present trustee of the estate. Mrs. Worrall had but five children, and they are all adults, and living and to them she had conveyed (or attempted to convey) all her interest in the trust property. These conveyances are in this record. The trust property consists of some land in Ste. Genevieve County, Missouri, some land in McCracken County, Kentucky, and some $8,500 in personal securities and cash, in the hands of defendant, as trustee.
In behalf of plaintiff it was shown that Mrs. Worrall was 56 years old, and had long since reached and passed that period in a woman's life, commonly called the "change of life." By a physician it was shown that she could bear no more children, for this and other physical reasons. No evidence was introduced by defendant and upon those facts, the court entered a judgment or decree *486 in favor of defendant, from which plaintiffs prosecuted this appeal. The case is largely one of law, although it might be added that there is no evidence showing the procreative organs of Mrs. Worrall to be diseased, or injured, save and except by the flux of time on the life of a woman as above detailed.
I. In this case there is urged the interesting question, as to whether or not, from a legal standpoint, Mrs. Worrall has passed the child bearing age, and much legal lore has been called to our attention. With this question we shall not deal,Possibility of because, in our judgment, the case is, and canIssue Extinct. be, fully determined upon questions which precede this in the orderly disposition of vital questions. In Blackstone's Commentaries, it has been said: "A possibility of issue is always supposed to exist in law, unless extinguished by the death of the parties, even though the donees be, each of them, a hundred years old." [2 Blackstone's Commentaries, 125.] The later court views upon this question we shall not review. Other matters settle the case, and a review of this question would be a waste of energy.
II. The status of Mrs. Worrall's children under the will of Conrad is one of the material questions. A reading of the will shows that the legal title to the property passed to the St. Louis Trust Company, now the St. Louis Union Trust Company. This title was impressed with a trust "to pay over all income, earnings and profits to my daughter Cornelia,Active Trust: for the maintenance and support of herself andTermination by family." When this trust was fully executed, byDecree of Court. the death of Mrs. Worrall, and the other provisions therein expressed, the corpus of the estate was to go to the children of Mrs. Worrall, (living at the time of her death) or when the youngest reached the age of 21 years. The qualifying terms "living at the time of her death" makes the children *487
of Mrs. Worrall merely contingent remaindermen under the will of the grandfather. Their estate was dependent upon the contingency of their survival of the mother. They were, under the rulings of this court contingent remaindermen, and no more. [DeLassus v. Gatewood,
It has been said that remainders are the outgrowth of wills or contracts, and reversioners come from the operations of law. In this case the interest given to the children of Mrs. Worrall might never materialize. Whilst they are all living now, all might predecease the mother, and then there would be reversioners by operation of law. In other words the beneficial interest in the trust property would go to the lawful heirs of Peter Conrad, and the trustee of this trust would have to account to these reversioners for the corpus of this estate. This is important in view of the fact, that, in equity, attempt is being made to terminate this active trust, in the interest of parties who might never have the slightest interest in the trust estate. Their present interest is purely contingent, and the contingency may not happen; i.e. they may not be living at the death of Mrs. Worrall.
By the brief we are cited to 39 Cyc. p. 99, where the following general rule is thus stated:
"By virtue of its supervisory jurisdiction over trusts and trustees, a court of equity has power, in a proper case, to terminate an express trust, in whole or in part, even before the expiration of the term for which it was created, although, in such case, exceptional circumstances must exist. The court will exercise this power and decree a termination when all the objects and purposes of the trust have been accomplished, the cestuisque trustent are all sui juris, and application is made by all of them. On the other hand, the court will not decree a termination when some of the cestuis que trustent do not consent, or where the trust is still an active, continuing *488 one, with some of its purposes unaccomplished and not shown to be impossible of accomplishment."
We have no fault to find with this general rule. There are cases in which courts have terminated trusts in advance of the time fixed in the trust instrument. The courts have done so with discrimination, and caution, but if the cases cited to support the general pronouncement be examined, it will be found that the facts do not fit the case at bar.
Suppose in the instant case under the facts alleged, a decree should be entered terminating the trust, and this property be turned over to the five present children of Mrs. Worrall where would the trustee stand at the death of Mrs. Worrall, if all of her children had predeceased hers. The proof shows that there are several grandchildren, and these, as the reversioners might make claim for the estate. There is no vested estate in their parents, and if their parents all predecease the grandmother, they take from the grandfather. This contingency alone is sufficient to justify the judgment nisi. They are not parties to the instant suit, and have not consented in anyway to a divesting of their reversionary interests.
III. But there is another reason equally as good. Peter Conrad had some valid reason for creating this active trust in the interest of his daughter. It appears that she had passed through the long-to-be-remembered St. Louis cyclone. Her nervous shock, occasioned thereby, seems to have lingered with her. Conrad may have had this in view. He might have hadActive Trust: in view the habits and make-up of herTestator's Intentions. then husband, or may have looked with doubt to a future husband. Just what may have been the compelling force which resulted in this trust in favor of his daughter, we need not further speculate. He may have doubted her ability to withstand the appeals of her children for property, and he may have thought, that, in old age, she would not be as well cared *489 for as she would be by the active trust, which he was creating in her favor. For us, it should suffice to say that Peter Conrad's desires have been clearly expressed in the will, and the trust thereby created. He preferred that a trustee of his own naming should husband his property, and see that his daughter got the profits thereof, from the hands of that trustee, to the day of her death. The desire of the old man as expressed in his will should be executed, and equity will not interfere with the carrying out of his plain desire. This is an active, live trust, and has not been fully accomplished, and will not be, until the trustee has garnered the profits of the estate to the death of the daughter, and paid them out, as per the directions of the will. Upon either of the two theories, the trial court was right, and its judgment is affirmed. All concur.
