52 Ind. App. 136 | Ind. Ct. App. | 1913
I give and devise to my beloved brother George W. Defenbaugh of Howard county, Indiana, a certain promissory note, given by myself to my brother for two thousand dollars, due one year from date hereof, and now in deposit with the banking house of Russell-Dol*138 man and Company of Kokomo, Indiana. This, bequeathment is made for the express purpose of building a New Jerusalem Hall and library on the lot I have bequeathed to him, and direct that the note be paid out of the first moneys derived from my estate, after,” etc.
"We' fail to observe anything in this item of the will (and this is the only part of the will referred to in the complaint) which tends toward the establishment of a trust in favor of plaintiffs or others.
Judgment affirmed.
Note.- — Reported in 100 N. E. 384. See, also, under (1) 31 Cyc. 556; (2) 39 Cyc. 57; (3) 39 Cyc. 620; (4) 39 Cyc. 631; (5) 39 Cyc. 40. As to the creation of trusts in land, see 115 Am. St. 774. For a discussion of an implied trust arising from a testamentary gift secured by the promise of the donee to hold for the benefit of another, see 21 Ann. Cas. 1384.